Should I become a licensed general contractor for our property

Question

I currently own 3 homes with a variety of construction goals. I've gained a ton of hands on skills over the course of the last 4 years owning these properties and considering applying to become my own GC for upcoming projects to strengthen my position as they become more complex.

My question is, is there any real benefit to becoming my own GC if I will solely be working on property that I own?

Terrell Garren · Answer

I self PMed for 12 years without a GC license.  Prices for existing construction got so competitive / pricey that I could build new construction rentals for less money if I took the GC costs out of the equation.  I got my GC singularly for new construction.

In NC, the GC exam requires good test taking skills, not construction knowledge.  Most of the contractors I use for new builds know more about construction than I do. If I need foundation work or load bearing work, I still use a GC that is much more experienced and knowledgeable than I am.

Anthony Cole · Answer

Thanks Terrell, your perspective on this aligns with my thought process big time! Totally agree to higher out when I need a GC more experienced. In the meantime approach construction more as a project manager saving me on time and money.

Anthony Cole · Answer

Awesome thanks Chris, I can see the educational benefits and do agree that the knowledge id gain would be invaluable!

Chris Manu · Answer

Absolutely! Especially in the beginning. Acquiring that knowledge will go a long way.. Even doing ventures outside just the properties that you own.