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61 Unexpected Facts About Best Book For Being Your Own General Contractor | Hire Your Own Subs
- This is a great book for ADHD contractors (i.e., all contractors). Pick it up, read for five minutes, grab two or three nuggets of wisdom that will help you sell better. Order it from Amazon. - Source: Internet
- Well, I have a secret …. actually, I have A LOT of secrets. And I want to share them with you! So sit back and get comfortable, because “a mountain of information” is an understatement for this blog post! Keep reading to learn how to be your own general contractor, the #1 way to save thousands on your dream home, how to find people to hire that you can trust, and how to negotiate ALL of your prices down ….. politely. - Source: Internet
- Subcontractors largely expect that an owner-builder doesn’t know what they are doing. To them, your job is probably going to be more work and more risk. They will easily charge you $25,000 but only charge a good regular customer $20,000. You just got charged 25 percent more and now you have to do all the contracts, oversight and coordination. Congratulations. - Source: Internet
- Mr. Debt-Free himself offers some pretty sound principles for operating and leading a business, based on his own experience. Since the lack of cash kills more contracting companies than any other factor, this is a good book for your library. Order it from Amazon. - Source: Internet
- Acting as a GC will also require you to keep a constant line of communication between yourself and your subcontractors. You’ll need to ensure the necessary work is completed by each trade in time for another to be able to efficiently fulfill their job. It is a much more hands-on approach that will give you significant control over your entire build. - Source: Internet
- Motivational speaker, Mark Matteson likes to say that a year from now you will be the same person you are today except for the people you meet and the books you read. The best place to meet people in our industry is Comfortech, which leaves books. Here are 27 essential books that should be in every contractor’s library. - Source: Internet
- Learn how to earn rebates on these books through the Service Roundtable. Call 877.262.3341 or visit ServiceRoundtable.com. - Source: Internet
- Subcontractors are going to stick it to you. General contractors have established relationships with their subcontractors and tradespeople. The subs know what to expect on a project if they know the general contractor. They know if that general contractor is competent and fair. They don’t know that about you. - Source: Internet
- As the general contractor of your home you need to educate yourself on what your subs should and should not be doing. The best way to do that is to make friends with people. Sounds easy right? - Source: Internet
- You don’t want to manage the home remodel yourself – This is the obvious one: if you don’t want to manage the home remodel yourself (which can be like taking on another part- or full-time job), you’ll want to hire a residential general contractor. Experienced general contractors in Western NY like us will be able to ensure the project moves smoothly from start to finish. You’ve never DIY’d your home renovations before – If the only reason you’re considering doing the work yourself is the cost, and you’ve never DIY’d your home improvement projects before, you should reconsider. A big home remodeling project like a kitchen remodel or full bathroom makeover is not the time to cut your teeth on DIYing or even managing the project, because you simply don’t have the experience to foresee what may go wrong or what the contractors you do hire will need. - Source: Internet
- To gain approval for a construction loan, you’ll normally need to prove that you have a qualified builder involved in the project. A qualified builder is usually defined as a licensed general contractor with an established home-building reputation. If you intend to either act as your own general contractor or build the home yourself, you will need to prove that you are not only experienced but also licensed and insured. Otherwise, you may not be approved for a standard construction loan. - Source: Internet
- You may notice that not all reputable contractors will have a large online presence, as is the norm in the industry. The ones that do, however, will likely answer a number of these questions on their website. Even so, it’s always important to make direct contact with general contractors you are considering working with to ensure you know everything about their services! - Source: Internet
- Be aware that many contractors will upcharge you for the cost of materials. It is important to independently verify the cost of materials after receiving a bid. I have had contractors look me right and the eye and inform me that material cost is $850, when I know for a fact the cost is only $550. I refuse to hire anyone tat will lie to me about the cost of materials, so I always verify costs. - Source: Internet
- Hiring the right people couldn’t be more important than when you’re being your own general contractor. The last thing you want to deal with is someone who takes advantage of you or does a less than stellar job. But how do you do that when you don’t know what a stellar job looks like? Here is where learning comes back into play. - Source: Internet
- If you tell a contractor that there’s no rush to complete your project, they will give your job the lowest priority possible. They will take on other jobs and spend their time doing other things, besides getting your job done. You need to communicate timelines, and actually chart out the weekly expectations you have in terms of job completion. Be sure to set dates and deadlines, and let the contractor know that they will lose money if the job is not completed within a reasonable amount of time. - Source: Internet
- Gerber’s book should be required reading before you sit for a contractor’s license exam. If it were, we would have more contractors who owned businesses and few contractors who owned jobs masquerading as businesses. You will recognize yourself. Order it from Amazon. - Source: Internet
- Most people consider if they really need to hire general contractors in Western NY to handle their home remodel. The truth is: it depends. Today we’ll guide you through everything you need to consider so you can make the best choice for you. - Source: Internet
- It sounds easy enough. The general contractor just pretty much compiles bids, orders materials and schedules the work. Theoretically speaking, anyone could do that and if you did that work yourself you should save that 20 to 30 percent. But here’s the catch: That’s a markup on the general contractor’s costs and their costs are lower than yours. - Source: Internet
- Essentially, general contractors oversee the entirety of the project and make sure everything is completed on time and within budget. Think of them as a jack-of-all-trades. They will know the ins and outs of construction and will have the valued project managing experience needed to successfully complete a renovation or new build. - Source: Internet
- This is one of the most influential and practical marketing books ever written. It will help you craft an unassailable position for your business, create your unique selling proposition, and understand why some marketing fails. Order it from Amazon. - Source: Internet
- Yes, this is a relationship book. Don’t read it as one. Read it as the best book you’ll find for understanding the opposite sex. For men selling or marketing to women, this book is invaluable. Order it from Amazon. - Source: Internet
- Most people decide to build a house, and immediately start looking for a general contractor. How can you hire someone to build a house, when you haven’t even decided what you want? I’m not talking like what style of home you want, or what colors you want throughout. I mean what kind of flooring do you want in the laundry room, how many outlets do you need in the kitchen, what style of shower head are you putting in the master bath? - Source: Internet
- About a month ago, a hurricane began to approach Florida so my family and I decided to evacuate early, in order to get ahead of traffic. I own a large home, so I hired someone to put approximately 50 hurricane shutters up around my house. When it came time to leave, he was only about 3/4 of the way done, so I ended up paying him before he was finished. This resulted in me being screwed, because he never put up the rest of the shutters once we left. I had to get real serious with the guy I hired, and was able to get some of my money back, but I consider myself lucky for that, because some contractors just disappear after they screw you over. - Source: Internet
- Cialdini explains why people say yes, based on empirical research. This book can help you be a better marketer, better salesperson, and better business leader. Order it from Amazon. - Source: Internet
- Some contractors might offer to bring in people that aren’t legally licensed to work on your jobs. You should never hire anyone that does not legally have the ability to do the job. If you are not diligent when hiring a contractor, you risk a huge liability if someone is injured. Make sure that the contractor is licensed and insured, and has evidence of an insurance policy. Be aware of any subs brought in by a general contractor, to ensure that they are covered under their policy. - Source: Internet
- I want to share some important information to ensure that you’re in a mutually beneficial and fair relationship with your contractor. This information might offend some contractors, but that’s a small price to pay, for sharing the truth. I have been a part of transactions involving hundreds and hundreds of different contractors. I have also been screwed over by a ton of them, which makes me uniquely qualified to educate you on what not to say to contractors. - Source: Internet
- That being said, renovation projects don’t always go as smoothly as anticipated. Maybe your small kitchen facelift requires unexpected electrical work, or perhaps some plumbing lines need to be moved. Having a contractor to take care of these issues and find certified trades workers or subcontractors to accomplish these tasks will save you a major headache. - Source: Internet
- This is simply an easy to read book on personal finance. It can help you become financially independent, which means free. Order it from Amazon. - Source: Internet
- It is very important that you make the decisions on the exact materials you use for your project. With each type of material, there is a high end product, low end product, and something in the middle. Educate yourself on the difference between each type of material, so that you can choose based on your needs. If you allow the contractor to make all of these choices for you, they can really screw you over. They could use materials from other jobs, choose materials that are too expensive, or even too cheap. - Source: Internet
- Even if you don’t overspend on the materials and labor, you’re not out of the woods. The odds are you’re going to overbuild. Even contractors do this. - Source: Internet
- Construction loans generally have variable rates that are higher than traditional mortgage loan rates. Once construction on your house is completed, you can either refinance the construction loan into a permanent mortgage or get a new loan to pay off the construction loan (sometimes called the end loan.) - Source: Internet
- This book started the motivational book category and since it is based on timeless truths, is as appropriate today as the day it was written. The book is based on Napoleon Hill’s interviews with the wealthiest men in America, where he learned what set these ultra-successful men apart. You can order this from Amazon, though there are plenty of free versions available online from the edition where the copyright has expired. - Source: Internet
- Acting as your own general contractor is a laborious task. However, it is a good way to save a large amount of money. Contractors are expensive (more on that below) and taking over the role of project manager is a great way to significantly lower the cost of your project’s overall expenses. - Source: Internet
- A lot of contractors actually have a criminal background. This doesn’t make them bad people, it is just important to know someone’s history from an ethics perspective. If you do not fully understand how serious working with a contractor is, you will get taken advantage of. - Source: Internet
- Today you will begin a new life. At least you will if you apply the principles in this classic book with a twist to the ending. Order it from Amazon. - Source: Internet
- When you’re the general contractor, you’re assuming all of the risk, and there’s a lot of risk. If you hire an electrician who takes your money and runs, you’re probably going to eat that cost and pay another electrician a premium price to come clean up the mess. I always get an inner chuckle when people tell me they’ll just sue the contractor. Have fun with that. - Source: Internet
- Always, always, always put your agreement with a contractor in writing. I don’t care if it is a simple, one page piece of paper, just get the deal in writing. I have a link where you can download a copy of a contract I use with contractors. It is very simple, and ensures, that you and the contractor both understand what you are agreeing to. - Source: Internet
- Brian Tracy is one of the country’s most renowned sales trainers. Any sales professional owes it to him or herself to read this book about the inside game, or mental game in sales. Order it from Amazon. - Source: Internet
- General contractors are responsible for the day-to-day function of a worksite. They’ll organize materials and communicate information to all necessary parties throughout the build. General contractors will also hire and manage required subcontractors and trades, such as electricians and plumbers. - Source: Internet
- These numbers have helped me look at being our own general contractor from a whole different direction. When I put in the time and research it takes to find the best deals, I am not just saving $5 here and $20 there. I am saving my husband hours and hours of work. Now instead of only caring about the big savings, I care about saving those 2 little dollars. - Source: Internet
- Lots of similar books have been written, but none have ever exceeded the original. Maybe that’s why it’s still taught in private courses all over the country. Order it from Amazon. - Source: Internet
- I have actually seen some real estate traders on Youtube teaching people to do this in order to save money. It is very dumb advice, because you have to be very careful about payments to your contractor. You will have to pay some money upfront to cover the cost of materials, but I actually try to work out deals where I am purchasing the materials myself. I dont trust contractors to buy the materials for me, because in the past I have had issues with contractors using leftovers from prior jobs, or purchasing cheaper materials then requested, thus scamming me out of money. - Source: Internet
- Always get a minimum of three bids, in fact, the more bids you get the better. Separate each bid into the cost of materials and the cost of labor. This will help you tremendously when comparing each contractor.. Don’t ever tell a contractor that they’re the only one bidding on a job, because that gives them too much power. You need to lead them to believe that you are considering many contractors for a job, so that they are held accountable for their bid. - Source: Internet
- You may wonder why there are so many books on sales. It’s because nothing happens in business until someone makes a sale. Tom Hopkins is another sales legend turned legendary sales trainer. This book is one of the most detailed books on sales tactics you will find. Order it from Amazon. - Source: Internet
- Now, there might be some attorney’s reading this, that would argue that the moment you purchase the materials, you are crossing the line, and the contractor can now be considered an employee. I find this theory completely bogus, because the contractor owns a contractor’s license, and work with many other clients. I have the right to purchase my own materials, so that I know they are purchased correctly. - Source: Internet
- It is really hard to compete with the subdivision home builders in our area. Building lots cost hundreds of thousands of dollars. The large builders buy thousands of acres at a time and subdivide them down as small as possible. They analyze the costs of the plans and buy materials in huge quantities. Subcontractors fight to win their business. - Source: Internet
- Whether it is best to hire general contractors in Western NY or not depends on how extensive your renovation is. If you are doing a smaller renovation with one straightforward task, it makes more sense to hire a specialized subcontractor. If you are trying to stick to a strict budget or want to handle it yourself, you may be able to DIY your home renovation. - Source: Internet
- The cost of materials, like subcontractors, can often be acquired at a cheaper cost for a reputable contractor than it would be for you. They typically provide consistent business for these companies and will receive better pricing. Additionally, contractors have experience knowing the required amount of materials for a specific job. This will ensure that you don’t make the mistake of ordering too much lumber or not enough hardwood for your floor. - Source: Internet
- Finally, general contractors will also transfer liability if any unforeseen accidents happen. Any credible contractor will have worker’s compensation insurance for their employees and the subcontractors they hire. This means that in the unfortunate case that someone is injured on your job site, the GC will protect you from liability. - Source: Internet
- If you’re still undecided about whether you need general contractors or not, don’t be afraid to reach out to our team. Here at TBrothers, we help homeowners bring their dream home to life by managing every aspect of the home renovation. So we’ll be happy to help you decide whether you do or don’t need a general contractor. - Source: Internet
- You’re about to discover 7 things that you should NEVER say to a contractor; or said another way; here are 7 common ways that contractors can screw you. Whether a big or small job, hiring a contractor is serious business and you must adhere to the following guidelines in this video or else you stand a good chance of being taken advantage of. You’ll learn real world wisdom on hiring and dealing with contractors as well as get free access to a contractor agreement which can help you avoid some of the pitfalls that so many other investors experience. - Source: Internet
- Contractors will hire, coordinate and schedule the required subcontractors for you. This is where an experienced project manager provides immense value - construction can be an unpredictable industry. Whether it be unforeseen issues, scheduling mixups, or unreliable trades, problems are bound to arise. Thankfully, a GC will take care of all of that on their own, ensuring that your project is completed as planned. - Source: Internet
- Sifting through the yellow pages or sourcing online for a trustworthy contractor is a tall order. A general contractor is responsible for ensuring the quality of permanent work done to your home. With this, it is crucial that you find someone reputable and qualified. - Source: Internet
- You must be critically careful that the subs hired by the general contractor are getting paid.I always pay the subs directly, because if you only pay the general contractor, there is no guarantee he will pay the subs. If the general contractor does not pay the subs, you could end up with a lien filed against your property. Always pay the sub contractors yourself. - Source: Internet
- The bottom line is that most owner-builders are probably not going to save any significant money, but they are guaranteed a lot of work and anxiety. Don’t try to build a home to save money unless you have a lot of construction experience. Build a custom home because you want a unique home. Whether you have a general contractor involved or not, you’ll be lucky if your custom home doesn’t end up costing you more than it’s worth when it’s all done. - Source: Internet
- On the opposite side of the coin, don’t try to screw over your contractor. It is very important that the people you hire make a profit. I actually have a great video that further explains why making a profit is a good thing in business.. I encourage contractors to make a profit, just not at the expense of you. - Source: Internet
- It’s fairly standard for a general contractor to charge 20 to 30 percent over actual home-construction costs to compensate themselves for their services. So that often leads to the question: Can I save 20 to 30 percent on the cost of my home if I build and act as my own general contractor? The short answer is yes, it is possible. But the reality is you probably won’t save much and you’re assuming a lot of risk. - Source: Internet
- In my contract with my contractors, I specify which materials they are to use. Picking the right materials can make all the difference in the world. If a contractor picks the wrong materials, the project is bound to go wrong. - Source: Internet
- Ziglar is the master. This often the first sales book many sales professional read. It may be the best. Order it from Amazon. - Source: Internet
- Those are the seven things to never say to a contractor. They all might seem like pretty simple guidelines, but they’re a lot more difficult to practice in real life. Oftentimes, we get busy, and try to take shortcuts in life. Do not take shortcuts with contractors or you will regret it. Take the time to do things right, and be very careful when working with contractors. - Source: Internet
- If you’re looking to hire a contractor for a job, big or small, you need to read this blog. I am going to educate you on how to develop a fair relationship with your contractor. Contractors can be a source of a lot of stress and anxiety in the world of real estate. They can be masters at extracting the maximum amount of profit, while putting in the least amount of work. - Source: Internet
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