Hiring a full time builder to build a custom home
Is it practical to hire an experienced custom home builder for $X/month? Let's say $10,000/month for a year to build my home. He will not be allowed to work on any other home. the builder then can focus 100% on my home only.
I want to build a large custom home in Dallas, Texas area. A custom builder generally works for cost plus. That means his fee is 15% to 20% of the cost of the house. Since I am a technical person and will do a lot of online research and shopping I do not want to pay that high a fee. For a 1.6 million dollar home, in cost plus method, his fee is over quarter of a million dollar.
Your opinion will be greatly appreciated.