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Updated over 4 years ago on . Most recent reply

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Better to Hire A GC or Manage Project

Lawrence Barnes
Posted

Hello BP Family,

I am starting a new construction single family project in Cape Coral FL. I am trying to see of it would be better to get a GC or manage the project myself. This is my first new construction project.

My dilemma is trying to keep my cost over sqft low, since I am using hard money to fund the deal.

New construction I'm the area is going for about 200k for 1500 sqft house. I need to stay around 80-90 dollars per sqft to make the deal make since.

Would it be cheaper to manage the project or should I get a GC?

Thank you!!

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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Lawrence Barnes it will be better to get a GC, and might be cheaper to do it yourself (key word is might). How big is the project? Are you doing kitchens, baths, mechanicals, decks, siding? If this is a quick paint and carpet flip then doing it yourself makes sense. As a newbie, you could be in for a world of pain if this is a big project and you don't have the subs lined up... That hard money costs a lot. 

  • John Warren
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