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If you’re building a new house in Miami, you’ll need to hire a general contractor to oversee your project. These contractors can manage permits, inspections, and all the other tasks needed to complete your home construction or remodel.
A good general contractor should be able to offer you a quote that fits your budget and vision for your project. Below, we’ve ranked the best Miami general contractors by their ability to work on homes within a certain price range.
Cost of Materials
The cost of materials used by residential contractors is a huge factor in the overall price of a home. Depending on the type of construction method, the cost can vary significantly.
For instance, the cost of a modular home is much lower than that of a stick-built one. The main reason for this is that modular homes are more efficient and require fewer resources to build than traditional homes.
Another cost factor is the material quality. Luxury houses use high-quality materials for their floors, walls and other interior finishes.
On the other hand, average homes use mid-quality materials for their superstructure and interior finishes. This makes them more affordable to build than luxury ones.
Cost of Labor
The cost of labor used by residential contractors in Miami varies depending on the size and scope of the project. If you’re looking to remodel a kitchen, expect to pay around $100 per square foot (psf), and for a full-home renovation, you can expect to spend between $200 and $250 psf.
Home improvement and remodeling companies often hire subcontractors for their projects. The company’s general contractor works to coordinate all the contractors who need to be onsite, as well as arrange for permits and inspections.
In addition, if you’re renovating a condo, the contractor will need to rent a dumpster and lug construction trash away. This is a labor-intensive process and can add up quickly.
Federal investigators are examining whether the Related Group, Miami’s largest developer, lowered costs on an affordable-housing project by hiring subcontractors who did not pay employment taxes. They recently seized records from Related Urban Development Group, the company’s affordable-housing arm.
Cost of Equipment
Home construction can be an expensive venture if you don’t have the right tools. Depending on your needs, you may need a crane, a backhoe, and even an excavator to complete the job.
The average cost to build a house in Miami is $110 to $150 per square foot, although the exact cost varies based on the size of the property and the location. In addition, you may need a building permit.
A general contractor, on the other hand, handles all of the building work and manages the project from start to finish. Their services range from planning and design to construction and even landscaping.
They can be found in almost every city, but in Miami, they are especially important for renovations and new builds. They can help you get the most for your money by providing professional expertise, quality products and workmanship. They also make your remodeling project less stressful. When hiring residential contractors in Miami, be sure to do your research and read all of their bids carefully to ensure that they’re the best fit for your needs.
Cost of Insurance
The cost of insurance used by residential contractors in Miami varies depending on the type of property. Some residential buildings are located in areas that are more prone to perils like fires, hurricanes, and floods. Others are in less-risky neighborhoods.
As a result, homeowners insurance costs in Miami are higher on average than those in other parts of Florida. This is partly due to Miami’s proximity to the coast and destructive hurricane season, but there are some ways to bring down your rates.
Choosing the right deductible is an important factor in home insurance. It can help you save money in the long run if you choose a low deductible that will cover most of your losses. Also, credits can be applied to a policy that could lower your premiums. These include burglar or fire alarm credits, gated community credits, sprinkler system credits, 24hr doorman discounts, bundled policy credits, and water leak detection system credits.