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Updated over 4 years ago on . Most recent reply

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196
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Tyrone Marson
  • Rental Property Investor
  • Baltimore, MD
86
Votes |
196
Posts

Investor friendly General Contractors.

Tyrone Marson
  • Rental Property Investor
  • Baltimore, MD
Posted

Looking for some recommendations on general contractors in the Washington DC/ PG County Maryland area who are investor friendly. Especially for a newbie like myself.

Most Popular Reply

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312
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Eric Teran
  • Architect
  • Alexandria, VA
363
Votes |
312
Posts
Eric Teran
  • Architect
  • Alexandria, VA
Replied

@Tyrone Marson everyone wants their piece of the pie. On your first project, you are not going to get a great deal. They have never worked with you and don't know what to expect and this may be just one project. They will try to do a great job to get another project from you and then probably lower their price but in the first one, it will be hard to get a great deal. Unless you partner with them. 

For example, I have had potential clients ask for a deal on the first project and that they promise to give me more jobs in the future. I tell them, pay my normal fee on the first project, and then I will lower my price on future projects if we are a good fit. I have some developer clients that want to see 20 options for a kitchen. I can't lower my price for them because they consume lots of my time. Other developers say yes to everything in the first option so then I know that I can lower my price on the next project because the developer knows how to make decisions and not waste anyone's time. 

The Contractors I recommend do not rip off my clients or I wouldn't recommend them. They earn a fair percentage. When you have a project size and style in mind I'll be happy to recommend one. I have one that only does million dollars plus homes in NW and he is expensive but amazing. I have a few that work anywhere and do nice work but I wouldn't recommend them for a million-dollar home. I have one or two in NOVA that do nice work but only for medium size projects. Some work better with homeowners and others with developers. Luckily I have gotten to know some Contractors that I like. 

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