Within six months my contractor went bankrupt and left me with a half finished house. The only exception to this is if you have a top of the line contractor who gave you a very high quote to begin with, or if you have incentives in the contract to pay the contractor more if he gets the job done sooner.I started building my own home in 1989 with absolutely no experience in building a home. My contractor wanted to charge me $15,000 to add a fireplace to a den. In all my experience I've never run across a group of more shady characters than contractors and sub-contractors. The foundation was already cracking, and the wood framing wasn't built anywhere near what the drawings called for.3) Plan On the Project Costing 50% More and Taking Twice As LongI'm sorry to burst any bubbles here, but this is a fact of building your own home.1) Don't count on anybody to do their job rightJust because an architect has a nice office and a good reputation doesn't mean the drawings will be done properly. When I asked how much he would discount the price to NOT build a fireplace in the living room, he said he would discount $1500 from the price. What follows are the most important lessons I learned from building my own house. The problem was the half that was finished was done wrong. Whatever you think it's going to cost -add 50% more to the price. Why? Because once the contractor has the job, he can charge you anything for changes that weren't in the contract. And however long you think the project is going to take -double. Just because the contractor comes highly recommended doesn't mean he won't rip you off and do shoddy work.2) Plan Everything about Your Home Building Project in As Much Detail as Possible Up FrontContractors love nothing more than a home builder who isn't sure what he wants, and decides to.
Thursday, February 21, 2008
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