I'm looking at building a home as a first time home owner in the next few years. One thing I'm wondering is how many headaches can I avoid if I just choose an expensive builder and not try to haggle or save a buck at every turn? I just want a 2-bedroom, 1,000 sq ft bungalow and am willing to pay 60-70% more than the average $/sqft in my city if they do a good job. I'd rather have a nice small place rather than a huge…
When I first did projects I got caught repeatedly with items that were not on the spec sheets or costings - but were 100% required. This is one of the ways that builders manage price competition with the inexperienced. They 100% know what the rate that is likely to get quoted will be, if they want the work they will quote lower than that and will use overruns to make back to the market or somewhat above (because by then you are stuck).
An experienced project manager will catch 95% of these issues some will sneak through but they will also have the contacts to get these sorted if the builders are unreasonable. You will pay out a chunk to employ this person - sure - but this will pay you back just with the cost overrun issue (in my experience) and at the same time you will have much less day to day work on your plate. So, it's basically a "free" assistant.
Also, what's a good job? You have ideas... but experienced builders (and your manager) will know where it's really smart to spend your money.