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What to Do When You Hire a General Contractor When you are a fix and flipper or a builder, then you have certainly thought about if you should get a general contractor for your projects. A great benefit in hiring a general contractor is the money that you will save but what is the cost of the money that you save? Know that the general contractor is a person that will oversee the project that you have. One would manage all of the subcontractors and would also help you out to complete the job. They are not quite skilled at certain tasks like plumbing or the electrical but could be more organized and should know the basics of the entire project. There are several benefits when it comes to acting as a general contractor. In several cities, you can be allowed to act on your own so long as the job is small or if you hire and manage the licensed subcontractors. The general contractors would like to be paid for the value which they bring to your project so when you choose not to hire one, the savings will go to the bottom line. Paying less for rehab would mean more profit for you. You will also be able to get a great experience which is a great thing about not hiring a general contractor. As a real estate investor, it is an excellent idea that you have such basic knowledge about what it would take to fix a house. This may help you with those future projects and such can also come handy when you are going to hire a bad contractor.
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Moreover, when you don’t have one on the way, you can be in more control. It is surely not easy to have a general contractor on the job. They could have their own crews at work and they could also owe their subs some cash. But, when you deal directly with those subs, this would help in doing the work a lot easier.
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But, you should know that there are many advantages that you can get when you would hire a general contractor. One is that such professional knows the building code and can also be sure that the work is accomplished according to that code. When you have a really good contractor, then you can save some money on the holding costs since they know how to accomplish the job in an effective way. It is also an excellent way to shift liability. When something is not done in the right manner, you may shift such responsibility to the general contractor to the insurance. They must also manage any warranty issues. Moreover, they could save you some money because usually, they have a fantastic relationship with the subcontractors and have such preferred pricing. Such could be true with the material suppliers too.