Monthly Newsletter: June 2010

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June 1, 2010

The Perils of an Owner Builder - Will You Save Money? What Are the Risks?

Will being an owner builder save you money or increase the risks and costs? It is a loaded question. Much of the answer lies in the question: How experienced is the "Owner Builder"? An owner who has been involved in several builds from start to finish and everything in between might save money.

There are several key points to consider.

As an Owner Builder Can You Get a Competitive Bid From The Subcontractor?

Do you have the contacts to subcontract work you are not prepared to perform yourself? Subcontractors in general serve a... < Read More >
Can You Decipher Where the Mark-Up Is, Hidden or Otherwise?

A general contractor is experienced in pricing and bidding. They know what the materials list should... < Read More >
Do You Have the Resources to Confirm the Material and Labor Costs are Competitive?

Having a base knowledge of the areas industry standards is key here. If the industry standard for tile installation is $6.00 per square foot and a sub is charging $7.00... < Read More >
Can You Get the Kind of Call Back Service a General Contractor Can Extract from the Sub?
This is just as important as the price. You need to know you can get them back to take care of... < Read More >
How Will You Cover Warranty Issues if the Subcontractor Bails or Goes Out of Business?
This is where the general contractor has to step in if the subcontractor is no longer available for whatever reason. If there is no... < Read More >
Do You Have Contacts to Counsel You If You Have an Unexpected Problem?

Knowing who to ask questions of is very important because the wrong answer will cost you.
Who is in Charge?

Many questions will arise on a daily and even hourly basis at all stages of the build. The person... < Read More >
Scheduling Systems Are a Big Part of Cost Effective Completion of a Project

If you do not have experience doing this, you could lose a lot of money in delays. If you are financing the project, time is not.. < Read More >
Dealing with the Bank!

Most lending institutions will require you to present a resume if you are not a licensed contractor... < Read More >
To Be or Not to Be An Owner Builder

That is the perilous question. I have outlined just a few of my immediate concerns for someone considering the Owner Builder role. It can be rewarding but if the individual is not well versed in construction I strongly recommend finding a good contractor and save more than just your time!

This is taken from an article by Alice Kurtz (Article Source: EzineArticles.com/?expert=Alice_Kurtz).
Alice is a successful realtor and broker with the Exit Corporation. Working with customers and builders in the Prescott Arizona Region, Alice has extensive knowledge and experience with the building process. For help or advice about the building process contact Alice or David Kurtz, a Prescott Builder at Timber Rock Homes in Prescott Arizona.

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Please feel free to contact our office at any time with any questions or comments. You can reach us toll-free at the phone number below, or you can reach us directly by email here. Thank you and have a great month!
Sincerely,
Stephen Hancock
President, The Log Connection

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