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If you guys are 50/50 and you plan on being an active partner then perhaps it's not such a bad idea. You have to agree beforehand on what labor costs and what sort of finish/budget do you have for upgrades. Maybe you want to paint kitchen cupboards and lay down laminate, but he wants custom cabinets and travertine tiles on the floor. You have to come to some sort of agreement on every aspect of the budget, and a realistic timeline on what contractor needs to be at the house and when.
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