Tips for Choosing a Good Home Builder
Like the sale or purchase of an existing home, building a new home is also usually an intricate process. Luckily, there are things you can do to avoid expensive problems and less than satisfactory results.
Assessing Your Present Situation
1. How much can you afford?
2. Do you have a chosen site? Don’t take this decision too lightly; according to the general rule, you have to first find a lot, and then design the home you’d like to build on it.
3. Does the location you want have restrictions in terms of choosing a builder?
4. Is everyone in the family in agreement on costs, design and the builder’s philosophy?
5. Do you have a bunch of plans for your new home? A lot of lumber yards will be happy to make your plans in exchange for a fee, which will be returned to you if you pick them to supply your lumber package.
6. Should you sell your current home before finally making a decision?
7. What amenities do you want and what are their costs?
As soon as preliminary decisions have been made, it’s time for you to do some research weigh all your choices. You can come up with opinions after getting information from real estate brokers, lumberyard people, architects, and the like. You have to keep in mind, however, that there could be so many ways to build a home. The idea to know the best way for you.
Cost to Benefit Comparisons
Compare the builders’ take on your project, determining their advantages and disadvantages. Note that their builder’s preferences may not always be in line with yours. Knowing the cost and understanding the benefits of building materials and methods used, you will be more confident in grasping the whole project.
The Building Plan
When asking builders to submit bids, you have to be able to express your preferences to them. Written plans and specifications help in reducing problems with communication that may occur from time to time, and ensure that you will be making an apples to apples comparison. Good plans indicate all room dimensions, outside elevations and all structural components, including specifications on the foundation.
Key Questions to Ask
To help you in selecting a builder, make sure to ask the following very important questions:
1. How long is your workmanship guarantee in effect?
2. Are you licensed, and if so, who gave you such license and what requirements did you have to comply with?
3. How long have you been in operation?
4. Can you give me a list of client references?
5. Are you insured, both with liability and workman’s compensation coverage?
6. Can I see a sample of your contract?
7. May I select my own suppliers?
8. Finally, what makes you different from the rest, and why must I choose you?
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