Choosing the right builder for your custom home project can save you time and money.
For most people, a house is the biggest investment they will make in their lifetime. If you're contemplating building a custom home on a lot you own, hiring a home builder to handle your project could save you time, money and a lot of heartache. It is important, however, that you do your homework thoroughly before you choose your builder and launch into the construction project. There are several steps you should follow before breaking ground. Does this Spark an idea?
Instructions
Finding the Right Home Builder
1. Select a home builder. Since quality and durability are essential features any homeowner is looking for in a new home, it's crucial to select a reliable builder who can deliver both. Your local home builders' association can provide a list of builders who are active in your area. Most builders are also registered with the National Association of Home Builders, therefore you can use NAHB's new homes listing web site, www.Move.com, as a resource. Browse through the real estate section of local newspapers and magazines, which often list ongoing projects and local builders. Real estate agents have access to this information, as well. When browsing newspaper ads or talking to realtors, focus on finding builders who handle the type of project you have in mind and who work in your price range.
2. Ask for references. The first thing you need to know about your builder is whether he is reputable, easy to work with and responsible. You can ask the builder directly for a list of addresses of recently completed projects, as well as the names of home owners he has worked with. A reputable builder should also be willing to provide you with the phone numbers of some of their customers. Talk to homeowners who have worked with the builder of your choice It is the best way to find out whether the builder provided quality service, promptly fixed any problems and left a positive impression. Find out if the home builder has established a good reputation with local suppliers, banks and contractors. A builder who pays suppliers and contractors on time and maintains a positive relationship with banks is more likely to honor his commitment to you.
3. Check quality of work. Builders often participate in home shows and open houses that showcase their work. Attending such an event is a good opportunity to assess the quality of the workmanship and the construction features that your builder incorporates in a new home. If you get in contact with the builder's customers, it's a good idea to take a look at their homes. A visual inspection of a house can help you assess the quality of the trimwork, flooring, paint and appliances that your builder supplies.
4. Review contract and insurance policy. Make sure the builder of your choice has sufficient general liability insurance and workers compensation to cover the project; otherwise, you may be liable for construction-related accidents on your property. The builder should provide a written contract that specifies a work schedule, payment schedule and the change order policies. The contract should also include insurance-related clauses. Review the contract, as well as the quote provided by the builder, before you enter an agreement with the company. You should also insist that the builder provide comprehensive warranties that will protect your home and your finances for years to come.
5. Work with the builder. Once the contract is signed, you're ready to break ground. The builder is now responsible for supervising the contractors, supplying the materials and ensuring the project is completed as scheduled. Make it a point to communicate with your builder during the project, notifying him of any potential problems, changes in your selections or preferences, or changes in your budget.
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