When choosing the builder for your custom home, you should interview potential builder candidates. It is important that there is a good relationship between you and the builder. Focusing on key questions will help you make the right choice.
- Pricing
- In what price range does the builder specialize?
- How does the builder arrive at a final price?
- What earnest money will be required?
- What funds will be required for changes and upgrades after approval of the initial construction documents and when will these be paid?
- Staff
- Who will supervise the subcontractors?
- How many persons are on staff and what are their responsibilities?
- How many homes per year will they build?
- How many homes has the builder built? What is the builder's background?
- Procedures
- How will the builder communicate with you during the project?
- How will change orders be implemented?
- How does the builder handle problems that arise during building?
- How long will it take to build a home your size and price range?
- Can the builder provide you with a general schedule with the different stages and a timetable?
- What are the builder's procedures for drawing funds from the construction financing?
- In the event that there is dispute, what funds are refundable and under what circumstances?
- What are the details of the builder's warranty?
- What is the procedure for items that will need attention during the first year?
- What contract form does the builder use and may you take it for review?
- Inventory
- What lots does the builder now own or have access to?
- Is the builder restricted to certain subdivisions or areas?
- Will the builder build on a lot you currently own?
- Track Record
- What homes has the builder built in the area in your price range?
- Will the builder provide you with references and their contact information?