Meet with the builder face to face before you buy a lot or invest in plans.
Exspect to dish out a retainer of at least $1000.00. Cost estimation is a long and tedious job and no builder worth your time will do it for free. General estimates are free.
Know what you want in terms of materials.
Discuss varying methods of construction..IE stick built, panelized, Sips, Modular
Know the market as best as you can. Consult with a knowledgeable Realtor.
Ask to see proof of workman's compensation insurance coverage (when applicable) and liability insurance.
Agree on finance charges and a payment schedule. Pre qualify with a lender.
Make sure you have guarantees and warranties in writing.
Agree on start dates and finish dates for the project. Have these dates written into the contract.
Make sure the contract is specific, including details about, materials, colors, brands and models.
Verify the contractor's name, address and phone number. Be wary of builders who give you pager numbers rather than land-line phone numbers, or post office boxes rather than street addresses.
Request references on similar work performed by the builder. Ask to see a job in progress, and ask for the name and number of a customer who had work done over a year ago.
Obtain two or three general bids. When comparing estimates, be sure each one is based upon the same set of plans, specifications, and scope of work.
Check with professional associations and licensing boards (LLRin SC) to verify the builders records.
This is just a starting list of what to do. It is a complex and time consuming process when done correctly. But the rewards of having your dream home are well worth the efforts.
For questions and answers click on Homer!
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