Purchase or build: the potential savings in the face of the headache

Tens of thousands of families have built a house with a garden over the past decade at prices that were significantly lower than those accepted for private homes. The discount was due to both the prices of the administration’s discounted lots and the self-construction. In this method the family is used by an entrepreneur who hires the subcontractors. This saves the entrepreneur’s profit – about =20% of the house price. Construction of this method has another important advantage: the dream home can be designed in a way that fulfills all aspirations and preferences and meets all needs without compromising one of the standard contractor models.

Required: A lot of time
The first question you need to ask yourself is if you will have time to be contractors. This means not half an hour a day and Saturdays. Building a home is a full time job. Those who intend to employ – Israeli workers, residents of the territories or foreign workers – should in many cases bring them to the site in the morning and return them in the afternoon; Run to the local building committee offices to issue permits; Monitor that the work is conducted to their satisfaction and according to plan. It’s no small hassle.

Conducting an orchestra
There is a similarity between building project management and conducting on an orchestra. In both cases, you are required to coordinate people’s activities so that they fulfill their role in a predetermined order. Thus, the central air conditioning personnel must arrive before the bath flooring so that the air conditioner’s drainage can be integrated into the sewer of the house; The electrical work must be completed before rendering; Coloring is done at the end of all works. And unlike the players, the professionals have a tendency not to always keep sync and spend a lot of time with you.

Key Contractor Pros and Cons
If you are not a very successful organization, you should seriously consider taking a key contractor, that is, a contractor responsible for making the coordination between the professionals and committing to handing you a ready-to-residence home. Before starting the work, the contractor will receive detailed instructions from you, or from the architect or interior designer you employ. Then, you won’t be involved in the works until they are completed. The downside in this case is the high cost compared to self-management.

In any case, prepare for the exception
Even if construction progresses exactly according to plan, you will probably deviate from the project’s pricing. Arrears in the work of one of the professionals at work can cause delays and create a chain reaction – need to invite professionals for more working days. There is also a reasonable chance that during construction you will decide to make changes to the internal design or the construction standard. Any change is immediately translated into money and as in the unusual renovations can easily reach thousands of dollars.