The process of building a home doesn’t have to be overwhelming. Knowing the right questions to ask your builder will help alleviate that pre-building stress. Learn what you need to know before building your own home.
Besides an estimated move-in date, you should have an understanding of the basic steps in the process. When permits will be obtained, when the building starts, and a general move-in date should be firmed up with your builder. Remember that you can’t rush perfection and you should expect there may be some unforeseen delay. At the same time, it’s ok to ask for a proper estimate that keeps delays in mind.
Besides basic interior and exterior features, ask your builder what’s also included in the price of building. This can include home finishing, appliances, and warranties. How long warranties last, and the extent of landscaping/finishing options should be clearly outlined before construction starts.
Understand Cost Escalation
Cost escalation is any unexpected rise in cost that may come up while building. Unanticipated delays or cost increase in building materials either gets you or the builders stuck with the extra bill. A cost escalation clause means you cover any cost increase. Otherwise, that cost is covered by the builder. Ask your builder abut the cost escalation clause and what options are available.