So you have bought your land, got your building permits and are eager to start on your home construction project. All that remains is finding the most affordable new home builders, right? Wrong. The key to a successful construction project is ensuring that you are not solely selecting new home builders based on price but that you are choosing contractors that are the most qualified for the job. There are several things that you would need to discuss to determine how qualified they are and prevent any disagreements or misunderstandings down the road. However, if this is the first home you are building, chances are you have no idea where to start! Read on to learn four critical questions that you should run by your new home builders prior to construction.
Are your new home builders insured and licensed?
Before you hire new home builders for your construction project, you need to establish that they have the appropriate paperwork. Licensing is critical, as this will prove that the contractors can legally build a home for you. Secondly, it is paramount that your contractors are insured so that any injuries on the construction site will not end up becoming our liability. Some of the documents that you can request for include insurance cards, licensure copies and any other paperwork that proves legitimacy.
Can your new home builders provide you with a comprehensive estimate?
A presumption people tend to have about construction projects is that you cannot accurately determine a budget, as numerous factors go into the process. However, this is a gross misconception. Although coming up with a detailed estimation of costs can be time-consuming, it is a critical step in the planning process if you want to avoid surprise bills down the road. Your new home builders should be able to provide you with an itemised list detailing anything and everything that will be needed for successful construction. Some of the items you should have included in your budget list are service charges, labour costs, supply costs, permit fees (if need be), transport costs and so on. The more comprehensive your estimate is, the more flexibility you have to make alterations that will ensure you stick to your budget.
Do the new home builders offer a warranty?
Warranties may typically be associated with appliances, but they are also vital in construction projects too. Some individuals make the mistake of enquiring about warranties once something goes wrong, only to be disappointed that any repairs would have to be paid out of pocket. It is imperative to ask your new home builders beforehand about the warranties they provide for their work so that you can know what aspects of the constructed property will be covered for repair.