What's the average market percentage rate that a GC would take in to manage a renovation project for you in the Silicon Valley area? The one I spoke to over the week charges 10%.
Hi @Andy Chen I am in SoCal but 10%-15% is typically the going rate that I have seen. That being said, depending upon the scope of the work you need done and your time and experience, you probably don't need a GC. In your case, you've been told 10% but that doesn't necessarily mean your GC is getting the best price. Under his pricing model, you and he are not aligned.
I have been at this for over 10 years and have done major rehabs and have never used a GC. If you take your time and do your homework, there's a good chance you can handle the work on your own and go direct to the subs.
That's great input, thank you. Currently I still hold a full time job and probably will until I feel comfortable going into this full time. So I was thinking hiring a trusted GC will help me manage the rehab project.