There are vast differences between building a home and purchasing a home available for re-sale. The building process involves so many choices - and opportunities for misunderstandings. Before you contract for a home to be built you have hundreds of issues to consider. How reputable are the builders under consideration? Are they sufficiently capitalized? What if your expectations are unmet - how are disagreements resolved? How will you know your home is constructed with quality? Who owns the costs of surprises or errors? Who pay for the added interest on your note because of delays? What happens if things go very, very wrong? Who pays the traditional closing costs and what are they? Who sponsors the warranty offered and what does it cover? The list is genuinely endless and personal. Also, financing is frequently different to construct a home vs. a resale property. There are generally very favorable terms available from builders - but know where the incentives are coming from. And there's no question that location, quality and reputation will play an enormous role in your choices. Building the home of your dreams will be fraught with challenges, even if you are fortunate enough to choose an excellent builder. Team up with professionals who can help you understand your rights, keep a level playing field through the difficult discussions and prevent your dream from becoming a disaster. Call or email us for a copy of our brochure "100 Points to Consider Before You Build". It explains just a few of the most important points that need to be addressed before you turn the first shovel of dirt.
|