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So you’re finally ready to build your dream home and everything’s lined up and ready to go? It turns out that as new homebuyers begin the process, they (very legitimately) have a number of questions and concerns at first. Concerns about being able to stay on budget, how involved or hands-on the builder will be and also accessibility to the contracting developer. Today, we have outlined some of these commonly asked questions to help out new buyers feel at ease about the process.
How Can I Make Sure We Stay On Budget?
The number one concern that most buyers of newly constructed homes have has to do with the budgeting. With the cost of upgrades seemingly building up and adding up, homeowners fear they will not be able to pinpoint a price at hand or worse, go over their bank-approved budget.
The way to address this is to complete all choices and selections for the house in advance during the time the contract is written. That way both the builder and buyer are fully aware of all costs at hand, in advance.
Will I Be Able to Access the Builder Once the Project Starts?
With an ongoing project like a new build, clients want to be able to have some involvement. A common concern is whether or not they will be able to access their builder once the project starts. This concern is particularly important for some people given reports of unscrupulous builders that run off once all contracts are signed.
When signing your contract, be sure to obtain all contact information from your builder and ask about their accessibility. Multiple forms of communication should be offered, including phone, text, email and in-person meetings as needed. Also, the builder should have an on-site presence every working day during your project.
What Happens With Unexpected Changes?
Things happen – especially when a new home is being built. Buyers often fear those unexpected changes adding up to additional time and an added expense that will be incurred as a result of those changes.
Going back to staying on budget, the contract should have a clause about any changes needed, with the requirement for the builder to discuss any additional time or budget constraints prior to proceeding further.
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Being less than prepared is a problem for the buyer and the builder alike. To protect both parties, it is best that all discussions take place to the maximum possibility before the contract is signed. This way, both can rest assured that everything will work out perfectly! If you would like to learn more about building your own dream home, contact us today!
