Here are five reasons why you should NOT act as your own general contractor.
Do you really have the time to act as a general contractor for your own project? Will you have to take time off of work to get the job completed? Who will be the one to interview all of the sub-contractors and assess their bids? Do you have time to research each online to ensure that they are licensed, bonded, and insured? Do you have experience in project management of any sort? If not, maybe it’s time to hire a general contractor for your job.
Do you really possess the skills needed to act as the general contractor on your job? You must have a certain working knowledge to pick the right house to rehab or build from scratch. If you do not have this experience, you could walk right into a serious and expensive project to fix.
If you are your own general contractor for a major project, you will need to pass the general contractor’s test in your city or county. You will need project management experience to complete a major project. You cannot have all of the subs bumping into each other or showing up before it’s time for them to do their part of the work.
If you do not have any of the above skills, do you have the confidence to fake it until you make it? Your subs need to have confidence in you, or they will take their deposits and leave you in a bind. To be a general contractor, you need to be a fearless leader that will remain calm in the face of adversity. A project never runs as smoothly as imagined.
If you do not take time off, do you have the energy to work both a full-time job and be a general contractor at the same time? Are you willing to give up your weekends for the 7 months it takes to build a house?
These are just a few things that you should ask yourself before deciding to hire yourself to be your own general contractor.