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All Forum Posts by: Jay M.

Jay M. has started 4 posts and replied 164 times.

Post: Looking for advice for Home Building Contracts with GC's?

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

@Patrick Philip   The whole tone of this thread is that you don't trust contractors, you're smarter than they think, you know how much everything costs and you want to shave every nickel .  In every response you circle back to one of these.  You're setting yourself up for major disappointment.  

To address your last comment how do you know the "good" contractors haven't already weeded out the $14k guy because he never shows up and does shoddy work?  If someone isn't "the phone is off the hook" busy in this economy then they suck!!   I'll go out on that limb.....  If you think it's difficult finding quality help now wait until you have a sub that you either fired or walked off the job and you have to get someone to replace them.   No one wants to do that especially when they hear the tone you've been setting in this whole thread.....

In another of your responses you said that GC's get "mad" when they find out you're not a "sucker"???  Dude you are so - fishing in the wrong pond....with the wrong bait I might add.  You've got a long, rough, bumpy road ahead of you.  You need a legitimate mentor not a contractor(s). When you find that mentor make sure you're not attracted to them because they think like you.  That's not a mentor.......  I do applaud your interest in learning but you are off to a very, very bad start.  Take a breath, reread this thread and treat people like you want to be treated not like they're there solely to rip you off.

Post: Looking for advice for Home Building Contracts with GC's?

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

"And this is not even to mention the fact that if I hire a GC, a lot of what he will do is just sub out much of the work, in which case I'm basically paying him a "finders fee" for a sub that for all I know I could have found a better/cheaper one myself"......

If you think that GC's make all of their profit by "accumulating" a list of sub-contractors and sitting at the coffee shop doing nothing you're so far over your head you're looking up at the Marianis Trench......

Post: Has anyone had issues getting a contractor out to a project?

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

This is arguably the 2nd busiest time for contractors in the past 40+ years (I'm still convinced 2004-2006 in MA was busier).  EVERYONE is having a hard time getting subs / contractors to return a phone call / bid a job / or show up.  It's to the point in MA that if someone is available or shows interest in the work I would be suspicious........

Post: Ethics of disclosing due diligence results?

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

I'm on / near Cape Cod. Land is scarce, scarce, scarce. I routinely find lots for sale that are not buildable. There are 3 at the moment on MLS that can't be built upon. I always tell the agent after I speak with the building inspector and he tells me it's not buildable but the listing never goes away. I guess they're looking for that one person who doesn't do their due diligence??

Post: Builder buying down a loan vs reducing home price

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

I have no insight as to why he would need to lower the price but one would guess because it didn't sell.  I was solely answering your question in sentence one of your first post...........

Post: Construction cost of 2-family home at Allston area of Boston

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

Note that Lien's response was NOT for new / ground up construction it was for refitting / reno.  You are looking for ground up correct?

Post: Builder buying down a loan vs reducing home price

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159
Originally posted by @Jack Black:

@Jay M. Why would he give someone a break in this scenario?

 If he lowered his asking price that would be considered a break correct?  Perhaps I don't understand your question?

Post: Builder buying down a loan vs reducing home price

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

It's called a "comparable".... He gives one customer a break then all the other homes will be "comped" to that lower price in essence giving everyone that break.  Better to give back cash on one or more than every one...

Post: Frowned upon to have 2 of the same type sub-contractors on site?

Jay M.Posted
  • Contractor
  • Fairhaven, MA
  • Posts 167
  • Votes 159

All contractors and sub-contractors know you're bidding it out.  Don't rub it in their face. As @Derek Robertson mentioned some of them will keep driving.  I know I have on a few occasions.

@Ryan Jopson  Do you have a suggestion for Angel?