bams50
Well-known member
Warning in advance: I know this is a long post, but I really need your help. Please take the time to read it. Many thanks!
Once again I am asking the great- and knowledgeable- members of GJ for some education and guidance.
I am in the planning stage of my dream retirement 'car condo' (see my intro link below). Basically it's a 50'120'x18' interior height, divided rougly into thirds- shop, show/gameroom, apartment; steel roof/siding; in-floor heat; pole or stick build.
The building is about 75% built and set up. Unfortunately it's only in my head
In real terms, I have the property paid for but have not broken ground. I have it spotted and a rough layout of where the driveway will be, and that's it. I am in the process of selling off some properties which has to come first, since I will not consider any financing- the only way I will do this is to pay cash. So it will be months before I can actually start.
Thus far I have just a very basic, rough beginning of a budget. I have talked to a well-known local builder who actually just finished almost the same exact thing I want. The owner of the just-finished building gave me the overall amount he spent, and it's in the range I was thinking; but of course it's hard to compare that closely.
What I'm trying to do is get a better handle on a realistic budget. This builder has been to the property, took me to the other customer's building and put me with the owner of that building, who gave me a tour of his place. I have had maybe a half-dozen conversations with this builder, and he has spent some time answering my questions.
So here I am, trying to figure out how to proceed. I want to get as much of the planning done as possible, so when the money's ready I am. But part of it is trying to understand the best way to go about hiring the work done. I called the one builder I talked to because he's from my town and well known, and his work is all over to be seen- and seems great. He has pitched me on allowing him to GC the whole shebang: From clearing the lot, installing the septic, building, everything. He has his own subs for electric, plumbing, designer, septic design, etc. and has done all this before, and done it well. He says that if I give him the entire project, he will give me a "great package deal". I like that idea; but he's really a one-man operator that brings in part-time help when needed... so I wonder about his ability to handle a job this size. He readily told me that the other building he did was done partially by others, but I didn't ask him to elaborate yet.
The problem at this stage is, I don't know how far is proper to go. We're talking well over six figures here, so it's just good business to get multiple estimates. But it doesn't seem appropriate to seek those bids until I actually have the money in hand; right? And how much of a PITA would I be to get bids on each piece of the job, AND on the whole job? Where do I even start?
Most people I know just take a name from a newspaper ad or something, then go to the bank, and take what they get. I'm not like most people, who only care what the monthly payment is; I'm paying cash- to which there's a limit. And while I have no experience here, I know in general there's a potential to make a HUGE difference in total cost with due dilligence; and I want what I want, but I will have to stretch my finite money.
I know about comparing apples to apples. I know about assuring the contractor is properly insured. What I don't know is the right way to go about this. I want to be fair, but to the extent I can I also want to avoid the expensive and aggravating pitfalls. Would love to hear from a contractor's point of view, what you prefer and expect from a customer? Also would love to hear from those who have been down this road already.
This is the biggest project I've ever tackled in my life, and I'm trying to figure out the best way. Knowledge is power, right?
Any help would be MUCH appreciated!
Once again I am asking the great- and knowledgeable- members of GJ for some education and guidance.
I am in the planning stage of my dream retirement 'car condo' (see my intro link below). Basically it's a 50'120'x18' interior height, divided rougly into thirds- shop, show/gameroom, apartment; steel roof/siding; in-floor heat; pole or stick build.
The building is about 75% built and set up. Unfortunately it's only in my head
Thus far I have just a very basic, rough beginning of a budget. I have talked to a well-known local builder who actually just finished almost the same exact thing I want. The owner of the just-finished building gave me the overall amount he spent, and it's in the range I was thinking; but of course it's hard to compare that closely.
What I'm trying to do is get a better handle on a realistic budget. This builder has been to the property, took me to the other customer's building and put me with the owner of that building, who gave me a tour of his place. I have had maybe a half-dozen conversations with this builder, and he has spent some time answering my questions.
So here I am, trying to figure out how to proceed. I want to get as much of the planning done as possible, so when the money's ready I am. But part of it is trying to understand the best way to go about hiring the work done. I called the one builder I talked to because he's from my town and well known, and his work is all over to be seen- and seems great. He has pitched me on allowing him to GC the whole shebang: From clearing the lot, installing the septic, building, everything. He has his own subs for electric, plumbing, designer, septic design, etc. and has done all this before, and done it well. He says that if I give him the entire project, he will give me a "great package deal". I like that idea; but he's really a one-man operator that brings in part-time help when needed... so I wonder about his ability to handle a job this size. He readily told me that the other building he did was done partially by others, but I didn't ask him to elaborate yet.
The problem at this stage is, I don't know how far is proper to go. We're talking well over six figures here, so it's just good business to get multiple estimates. But it doesn't seem appropriate to seek those bids until I actually have the money in hand; right? And how much of a PITA would I be to get bids on each piece of the job, AND on the whole job? Where do I even start?
Most people I know just take a name from a newspaper ad or something, then go to the bank, and take what they get. I'm not like most people, who only care what the monthly payment is; I'm paying cash- to which there's a limit. And while I have no experience here, I know in general there's a potential to make a HUGE difference in total cost with due dilligence; and I want what I want, but I will have to stretch my finite money.
I know about comparing apples to apples. I know about assuring the contractor is properly insured. What I don't know is the right way to go about this. I want to be fair, but to the extent I can I also want to avoid the expensive and aggravating pitfalls. Would love to hear from a contractor's point of view, what you prefer and expect from a customer? Also would love to hear from those who have been down this road already.
This is the biggest project I've ever tackled in my life, and I'm trying to figure out the best way. Knowledge is power, right?
Any help would be MUCH appreciated!
