Growth in Philadelphia’s core has invited a plethora of millennials to try their hands at real estate development. With many experienced contractors hard at work with established developers, young developers, therefore, have to evaluate the risk of hiring an inexperienced contractor versus an experienced one who is very busy. As it turns out, engaging a contractor may be no different than finding a date for Saturday night: read a brief internet profile; look at a few (carefully staged) photos; send some messages; and you’re off on a date IRL (in real life). This article will help you navigate the crucial developer-contractor relationship.
- Lessons from Online Dating
In helping young developers build up their businesses, I have found that contractor issues hurt profitability the most. Here are some common construction occurrences and how they may mirror your online dating experience.
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