General contractor for house build

[jabjab]

Going to be building an infill with with someone I know. We are both moving into the perspective sides.

We are doing it as a joint venture where we pay cost for materials but he is charging me 40k to be the general contractor for my side (he's a small home builder himself)

Is 40k reasonable?

[killramos]

This is an excellent idea

[littledan]

Seems weird if you are building duplex, at same time, with same subs, and same materials, that there would be a 40k delta in the amount of work for the gc

[TomcoPDR]

Put in a clause where you get to pick which side after they’re built.

[jabjab]

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Seems weird if you are building duplex, at same time, with same subs, and same materials, that there would be a 40k delta in the amount of work for the gc

Each side has been customized to our liking and life style and my take is that normally he would be charging regular customer not his cost on building supplies and I guess that's his business and nobody does anything for free

[Twin_Cam_Turbo]

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This is an excellent idea

+1 please post results.

[jabjab]

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+1 please post results.

Absolutely.
We took a risk and purchased the property last year and it was zoned rc1. We went through the process to get it rezoned RC2.

We submitted our plans to the city and awaiting building permits to start the tear down.

[The_Rural_Juror]

Does he have a website/portfolio?

[zechs]

Me righ noa

[vengie]

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This is an excellent idea

Took the words right out of my mouth.

[Darkane]

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This is an excellent idea

Agreed.

[suntan]

Just watch out for the hidden cameras, he's gonna watch you jabjab.

[ThePenIsMightier]

Glory holes, but no vaccine holes.

[ExtraSlow]

Will he pay you $40k if you hire a reputable GC? Because that's sounds better in every way.

[88CRX]

Separate GC for each side?

[JRSC00LUDE]

If he's actually an established builder with experience there's nothing wrong with 40K, it's a pretty ok deal IMO. Smaller build and flip infill guys should net 10% in their pocket on projects like that. More is great, less is you're doing it wrong. 40K is less than 10% of end value I would assume.

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Separate GC for each side?

On an attached? Never lol

[jabjab]

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If he's actually an established builder with experience there's nothing wrong with 40K, it's a pretty ok deal IMO. Smaller build and flip infill guys should net 10% in their pocket on projects like that. More is great, less is you're doing it wrong. 40K is less than 10% of end value I would assume.

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On an attached? Never lol

We are trying to keep the budget of 750k each side so with that math , typically a GC would charge around 75k. Does seem like an alright deal and all invoices for materials are going to be transparent where as I'm sure some builders tack on extra fees on top of potential upgrades.

I had a friend purchase a condo from Shane homes and they charged him 1k for a ceiling fan to be put in his room

[eblend]

I'm my own GC and let me tell you, shit is not very fun, so pay the man, especially if he knows what he is doing.

[jabjab]

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I'm my own GC and let me tell you, shit is not very fun, so pay the man, especially if he knows what he is doing.

absolutely, I'm just trying to gauge what it generally costs because the times I have built before it was through a builder who had pre existing floor plans and lots with set prices and I'm sure their profits are all caked into the final price.

[JRSC00LUDE]

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We are trying to keep the budget of 750k each side so with that math , typically a GC would charge around 75k. Does seem like an alright deal and all invoices for materials are going to be transparent where as I'm sure some builders tack on extra fees on top of potential upgrades.

I had a friend purchase a condo from Shane homes and they charged him 1k for a ceiling fan to be put in his room

You say he's a small home builder himself. If he is, and one whose finished product you've seen and trust then 40K is a fine deal. If he's NOT reputable and is just working for a year doing this and winging it, then it's a little much IMO.