How to Choose a Good Custom Home Builder

Finding a custom home builder can be as simple as asking around. If there’s a good one in your area, most probably, you will hear about them. Otherwise, check with the National Association of Home Builders (NAHB) or any other similar association. Or the old-fashioned way should do – checking your yellow pages or visiting your town office and asking for referrals.

Narrowing Down Your List of Choices

It’s good to interview several prospects before choosing the right builder for you. Aim for three things during the interview process.

First off, make the builder understand exactly the type of home you want, and find out what kind of experience they have with similar projects or with projects in your target area.

Second, ask for more information regarding his professional experience. According to the NAHB, these are the things you should know about your prospects:

> Permanent business location (having one is a sign of stability)

> Reputation among suppliers and banks in the area

> Breadth and length of industry experience

The NAHB reports it takes 3-5 years for custom home builders to gain ground in the industry; thus, the longer their business experience, the more capable they are of financing a home construction and the more likely they will stay around after completing a project.

> Record at the Better Business Bureau

> Level of workers compensation and general liability insurance (always ask for proof of insurance)

> Feedback of former clients (request for client references)

The third thing you’d like to accomplish during the interview process is building rapport with your prospects. This is going to be rather crucial obviously. It can be excruciating to be forced to work with a builder you dislike.

Asking for Estimates

After getting all the above information, you can now trim down your list of prospects to two or three names. This is much better than having a single prospect for reasons of comparison. You can even tell your prospects that you’re comparing their estimates. They will compete for your business and you may end up with a cheaper quote for the same quality.

Collecting estimates though is something you really have to take your time with. You want to be sure that your budget is just right – not too much that you’ll be wasting money on unnecessary things, and not too little that quality will be sacrificed.

Of course, the builder of your choice should have all the important information they need to prepare an accurate estimate. Lastly, do understand that no matter how good your builder is with estimates or which estimate you actually approved, there will always be at least a 10{339d89f2160451a2238f9b1421059eec67b65c4cfd97476d84b976b545b49168} overrun because of incidental expenses, such as change orders, can never be totally avoided.

The Beginners Guide To Homes (What You Need To Know To Get Started)

The Beginners Guide To Homes (Chapter 1)

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