I am starting a small new single-family development in a tourist zone on Padre Island in Corpus Christi. I plan on utilizing GIG economy solutions for as many of the tasks as possible to understand the possible downside risks and upside cost savings. As background, I have spent many years working on construction for complex communication systems worldwide but I am new to residential developments so I will also be on a personal learning curve also. I realize some heavy civil work tasks need to be done locally but I have also already learned many tasks can utilize resources from around the world and the savings can be substantial. One simple example was getting a concept drawing generated. I received local artist quotes and internet services for quotes. I plan to use this image on printed materials, web page, social media and signage. I ended up using someone on Freelancer site who lived in Russia. This resulted in some minor rework due to communications issues but the deliverable was completed in less than a week and I saved $2,300 over local artists lowest bid. I will continue post any cost savings and discuss pitfalls as they may develop until the civil works and first house is completed.
That’s really interesting, thank you for sharing your journey.
Can't wait to see how it turns out!
Interesting strategy. Thanks for sharing James!