Homebuyers' Corner
Helpful Hints
Do Your Homework Before Choosing Your Builder
Use this checklist to help you select a builder to build your new home:
• Does the builder have a permanent business location and a good reputation with local banks and suppliers?
• How long have they been in the building business? It usually takes three to five years to establish a financially sound business. Will they be around after the construction is complete to service any warranties?
• Does the builder have sufficient workers compensation and general liability insurance? If not, you may be liable for any construction-related accidents on your premises.
• Will the builder provide you with names of previous customers? Ask them if they would hire the builder again.
• Have you seen the builder's work, both completed and in progress? Check for quality of workmanship and materials.
• Are you able to communicate with the builder? Remember you will be in close contact with them throughout the construction process and afterward as you live in your new home.
• Will the builder provide you with a complete and clearly written contract? The contract will benefit both of you. Review it carefully.
• Be cautious of unusually low-priced bids. If the builder is unable to pay for the materials and labor as the project proceeds, this may indicate a potential problem.
