Things Your General Contractor Won’t Tell You
General contractors are a good investment for any major building project, but they aren’t always up front about their tactics. You may be buying into some misconceptions or investing in a project that you don’t understand fully without even realizing it. Below are six things general contractors aren’t telling you. Many of them probably apply to the contractor that you’re currently considering for your next project.
The Standard Contract is More Favorable to the Contractor
The contract your contractor is trying to get you signed is likely much more favorable to him than to you. You’ll likely pay more money up front than work being done, which puts you into an unfavorable position. It’s best to have an attorney look the contract over before signing anything and to only go with a contract that offers favorable terms or fair terms to you.
Low Bids Aren’t Real
Low bids are often used to lure in customers to sign a contract that never guarantees the amount, or includes some clause that allows for additional expenses later. It’s important that you look over the contract closely and ensure that the bid price is the one that you’re going to get. Otherwise you could end up spending more even though you thought you were getting a steal of a deal.
Cheap Contractors Aren’t Picturing the Same End Result
It’s possible to hire a very cheap general contractor that will finish your project within budget, but you likely won’t be happy with the results. Low quality materials and a rushed building style will accompany the project and it will show in the finished result. This is something the contractor already knows, but not something that will be shared with you.
Unscrupulous Contractors May Vary Their Pricing
It’s possible to be charged more than another person for the same work done if you seem particularly wealthy. Lawyers often receive higher quotes than your average laborer client because contractors know they can afford the cost and there is a higher risk of being sued as well. That’s why it’s so important to get multiple bids to ensure that you’re getting a competitive price.
Contractors Get Burned all the Time
That contractor that you’re working with has likely been stiffed by a homeowner in the past. Homeowners can make real trouble for a general contractor and he’s probably wary of any new client that seems troublesome. Being kind and respectful will likely result in a much smoother job that leaves you with a higher quality product. By being good to your contractor you’re going to end up with the best possible service that you can hope for as long as you’re hiring a quality provider.
I May Not Be Able to Manage Large Sums of Money Wisely
It’s important to avoid giving huge chunks of money to contractors up front for your project because it’s possible that the professional will spend your money poorly or use it for purposes other than your project. Good contractors keep money for every client in a separate account, but many contractors just pile it all into the same account and they may end up spending some of your money on a completely different project, leaving your project without the funds it needs for completion. Work with very professional firms and avoid giving too much money up front for best results.
Keep these things in mind when hiring your next general contractor and you’ll have a smoother experience. Sure, there is no way to guarantee that you’ll end up with the best contractor, but by being careful you can improve your chances at least.