I have a commercial property that needs some pretty small renovations (new carpet, drywall, new doors, painting, etc.). We recently got a bid and it came in above 200K. Some of the fees listed were pretty ridiculous, like $40K for a project manager. This space is only about 1000 square feet or so.
So my question is, would I be better off just hiring a carpet company, a painting company and then a handy man to do everything else?
I know this isn't a commercial real estate sub, but that sub won't let me post for some reason. I appreciate any insight I can get.
Hire General Contractor Or Individual Companies?
byu/CantCMe88 inRealEstate
Posted by CantCMe88
1 Comment
Avoid GC’s at all cost. Most are incompetent and the good ones charge an enormous premium. Usually you’re just paying a 40% premium for them to call the companies you would have otherwise hired.