Compensation for design and build investment

Compensation for design and build investment

Hilo, HI · Member since 2017 · 5 posts · 6 votes

Hi so I’ve designed, built and sold a couple houses over the years. They were all owner builder where I hired most of the work out and did some of the easy stuff myself. I currently have my latest house for sale, it’s a clean lines, modern style house on the big island of Hawaii. It’s been taking a while to sell but recently I got a call from someone who really likes it but it’s in the wrong area. Turns out the guy is very wealthy and wants to hire me to build him a roughly 6,000 square foot house in Maui with a 2 million dollar budget. He wants me to design and be a part of the building process from start to finish but I don’t know what to charge for my services. Any advice would be appreciated, thanks!

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Investor · Clairemont, CA · Member since 2011 · 3k+ posts · 2k+ votes
6y

Are you a licensed general contractor? If not then you likely can't charge anything legally.

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  • Investor · Clairemont, CA · Member since 2011 · 3k+ posts · 2k+ votes
    6y

    Are you a licensed general contractor? If not then you likely can't charge anything legally.

  • Developer · Charlottesville, VA · Member since 2018 · 4k+ posts · 4k+ votes
    6y
    Originally posted by @Sequoia Heuer:

    Hi so I’ve designed, built and sold a couple houses over the years. They were all owner builder where I hired most of the work out and did some of the easy stuff myself. I currently have my latest house for sale, it’s a clean lines, modern style house on the big island of Hawaii. It’s been taking a while to sell but recently I got a call from someone who really likes it but it’s in the wrong area. Turns out the guy is very wealthy and wants to hire me to build him a roughly 6,000 square foot house in Maui with a 2 million dollar budget. He wants me to design and be a part of the building process from start to finish but I don’t know what to charge for my services. Any advice would be appreciated, thanks!

     Based on your question I would not advise you to take this on unless you are a lichened GC and have built several houses that level. You can get yourself in trouble real fast.

  • Rental Property Investor · Belgium, WI · Member since 2015 · 53 posts · 54 votes
    6y

    A side note, becoming a licensed General Contractor might not be very difficult. I passed my state exam and mandatory 12hrs of education in 3 weeks of nights and weekends. 

    This doesnt mean you should or shouldn't pursue the opportunity. However I think you could move past that obstacle fairly easily depending on your states requirements for becoming licensed.

  • Hilo, HI · Member since 2017 · 5 posts · 6 votes
    6y

    @Greg Dickerson I would be hiring a general contractor. The guy just wants me to design the place and oversee the building process. I would still hire the contractor and work with all the necessary people like engineers and drafters.

  • Travis BradburnPro Member
    Contractor · Haiku, HI · Member since 2019 · 17 posts · 8 votes
    6y

    Aloha Sequoia, 

    I am a licensed GC here on Maui.  

    If you want to chat about this project please connect with me.

    Mahalo.

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