HOME CONSTRUCTION & REMODELING
Looking for a builder/remodeler?
Want a large company or a small outfit?
A Large Company Brings you Comfort in Many Ways
- It May Not be Cheaper to Use a Small Builder
- You Get People who will be Around if Things Break
- A Warranty with Someone to Stand Behind It
- A Deep Pocket if Things go Wrong
- A Reputation to Maintain in a Competitive Market
- Standard Contracts that are at Least Clear Even if One-Sided
It You Choose a Small Outfit
- Check them out with the BIA, the BBB, and the Attorney General
- Insist on a Clearly Typed or Written Contract.
- Insist on a Selection Sheet if New Build.
- Negotiate a “Fixed Price” Contract if You Can.
- If it Must be a “Cost Plus” Contract, Demand Invoices and Time Sheets.
- Make Sure that Your Right to Invoices, Etc., is in the Contract.
If you Use a Lender For A Construction Loan
- Know Your Lender
- Insist on Strict Compliance with the Draw Schedule
- Insist on Strict Compliance with Proof of Payment of Subcontractors
You Will Probably Make Changes
Most people will want a change of color, style or type after construction begins. ALWAYS use what are called Written Change Orders.
- These are Nothing Fancy – They Can be Handwritten
- You and Builder Both Sign Them
- They Details What the Change Will Be
- They Include the Cost of the Change