Quote:
Originally Posted by LiverpoolWalrus
I'm getting ready to hire contractors for a complete makeover. Projects include new kitchen and two baths, floors, windows, painting in and out, new roof, plumbing and electrical updates, etc. Would you hire a general contractor to do everything? Or would you hire individual specialists - a separate roofer, separate floor company, separate window company, etc.?
I'm thinking separate contractors might give you a little more control and might be cheaper because the general contractor usually subcontracts and tacks a surcharge onto their price, understandably, to make it worth his while.
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One of the "fun" parts of being a real estate investor is to watch first timers overpay for a house then attempt to make it up by becoming their own general contractor. After all, the flipping shows make it look soooo easy. Those generals just hire the same people I could and I could save a gazillion dollars by eliminating them. After all, they just call the subs in and collect all that extra money .. right ? All of a sudden several months go by and the uncompleted project is well over budget.. Hmm who would have thunk it ?
If by now you haven't figured out that nearly every trade is locked up by the Villages, (as they have a phenomenal supply chain and scheduling mechanism) so multiply your complexity by the number of trades you will have to bring in to your project. COMPLETE remodel.. tear out, plumbing, carpentry, cabinetry, electrical, flooring, lighting, finish carpentry, countertops.. inspections along the way...
Oh, assuming this isnt for investment, but is your ONLY house in the Villages ?? Hope your single, as living through this multi month disaster has divorce court written all over it.. If it is an investment property, and you haven;t fixed or flipped before, you clearly dont know what you're doing.. Buy a Patio Villa and rent it out .. see how you like being a landlord before going through all this grief ..
Thanks for asking