Tips for First Time Property investors: Molly's Real Estate Blog

Tips for First Time Property investors: Molly's Real Estate Blog

Questions To Ask When Choosing a Home Builder

by Vanesa Diaz

Building a new home for the first time can be an exciting but nerve-wracking process as you discover that sometimes the best laid plans oft go astray. But it doesn't have to be that way, and if you choose the right home builder, you can have a smooth and happy experience. To help you make the right selection, here are some important things to ask when you are vetting prospective new home builders.

Whose Building Plans are being Used? -- Some home builders only build homes from an array of home plans that they have used in the past and will not allow you to bring in your own home plans. And that may be just fine if the builder has many different kinds of plans, because there's a good chance that one of those plans will match your needs. But it is important for you to ask this question before you choose a home builder, especially if you are also planning on working with an architect or designer to create your own customized set of building plans.

What Are the Standard Features? -- Home builders differ in features that come standard with a house they build and options that will cost you more money. It's important that you know exactly what you can expect with a standard home that your prospective builder will construct so that you can decide what options you may need and how much that will add to your budget. For example, some home builders may include granite benchtops as a standard feature, while others will build a porcelain benchtop with the option for you to upgrade to natural stone.

What Are the Inspection and Correction Procedures? -- There are multiple stages during house construction at which you must be able to inspect the work in progress to determine if the building is proceeding according to what you envisioned. You must ask the prospective home builder at which stages they allow inspections, and what are the procedures when you find a mistake that needs correcting. Home builders have different rules about changes made during construction, and if you aren't aware that a change, even one that is the result of an error or misunderstanding, then it could cost you money and could be very expensive.

Can I Visit Another Home That is Under Construction? -- This is an important question that gives you the opportunity to see how the home builder delegates their work and the quality of the contractors they hire to construct your home. Visiting a new home that is in the middle of construction can give you an idea about the work process that you can expect on your own home, and the level of workmanship.


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About Me

Tips for First Time Property investors: Molly's Real Estate Blog

Hi, my name is Molly. I have been a property owner since my grandma died when I was eighteen, and I inherited a rental property. Over the years, I have managed that property very successfully, and about ten years ago, I started adding to my collection. While I would definitely say that the investment property game is not a get-rich-quick scheme, it can make lucrative money. To help others who are interested in getting into the game, I have decided to start a blog. Here, I am going to share insider tips, experiences and ideas. Get comfortable and feel free to explore!