Many people think that choosing a good builder is the most challenging part of building a home, and they’re right. Because a home is a huge investment, you want to be sure that your contractor is fully qualified and of great reputation.
As you may know, there are several home builders nowadays, so you have no problem when it comes to supply. As you likely know, there are lots of home builders today, so there is no question about supply for sure. But since they’re not all the same, the real issue is, who among them is the best option for you? The best way to find the answer is by doing your research and creating a solid plan far in advance.
Making a List
First things first, make a list of all the contractors within your location. Give your local home builders’ association a ring and ask for names and contact information.
You can also consider checking out local real estate ads or calling realtors to ask for referrals. Or try asking people who may have worked with some good contractors before or have at least heard some great things about certain builders.
Relatives, friends, coworkers, neighbors – anyone may be able to help. As they say, word of mouth is the best form of advertisement because people are actually talking about their real life experiences. Obviously, you need to approach only those people who have your full trust and confidence.
As soon as you have listed down some worthwhile prospects, you can begin researching their backgrounds. One of the first things you should ask is whether they have insurance coverage. You sure need it for your protection, just in case someone gets injured on the job. Insurance is a licensing requirement though, so as long as you’re dealing with a licensed contractor, this shouldn’t be a problem.
Go to their websites and look at the projects they’ve had before. They should be experienced making the type of house that you want.
Definitely, you’d like to ask for at least three client references so you can talk to these people and ask about their experience with the builder. You should also ask the builder about any ongoing or recently completed projects they have so you can probably drop by and take a look.
Lastly, perform a cost-benefit analysis of every builder you’re considering. The company with the lowest rates may not offer you the best value. Look closely at the inclusions of the quote.
Moreover, examine the contract very meticulously so you don’t have to deal with unpleasant – and probably costly – surprises later on.