Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Newbie in construction project
Hi all,
I'm going to build a new condo apartment (8units) from crash (all utilities such water-hookup, electric, sewer are available). Usually the owner would need to work with an architecture and a developer for such kind of the project. But after doing a bunch of homeworks as reading books (Diary of new construction, Building-Your-Own-Home-Dummies, The Construction Project Management Success Guide) and also talking with the city, I decided to handle by myself instead of hiring a developer to handle everything.
Basically, I will do all work by working with architecture, structural engineers to get permit approval from the city. From there, I will create a list of tasks (foundation, framing, plywood and insulation, electrical wiring, pluming, HVAC, etc.. )and will get quotes from subcontractors and go from there. This means I will act as a developer.
As I know there is a risk for a newbie in such a big project like this( but it would save me a lot of money and more important it is great learning experience), I would like to humbly ask for advices of the followings:
1/ Is it possible for me to handle all the management given I have done such the homeworks. What else should I know?
2/ What is your advices?
Thank you so much.