Building a new home can be exciting, but finding the right builder may sometimes be a challenge. The following are a few things to look for as you begin the process.
1. Insurance and Warranties
All new home builders should be willing to fully disclose all of the insurance policies that they carry. This should include insurance that protects you in the event something goes wrong with the build, along with liability policies that protect the builder in the event there are accidents or other problems during the build. It's also ideal to choose a builder that will fully warranty the home. Warranties should provide you with a recourse to have any issues repaired or to receive monetary compensation in the event the builder can't repair the issue.
2. Design options
There are two main types of home builders. A standard builder will work off a portfolio of designs. You can choose from this builder's available designs, and you may be able to make a few changes to customise the stock design. A custom home builder will allow you to bring your own home plans to them, or they will help you draw up and certify your unique home plan.
3. Work Examples
Ideally, the builder can show you real life examples of their work. At a minimum, the builder should have a detailed portfolio of past builds you can look through, along with references from past clients. Many builders will also have model homes of one of their builds that you can walk through, which will give you an up-close look at the quality and workmanship of their finished houses.
4. Quote Type
There are different types of quotes available, and each builder chooses which type they will provide. The main two quote types are the lump sum and the cost-plus quote. A lump sum quote provides the total maximum cost of the build, so you know exactly what the budget will be. A cost-plus quote provides an overall quote plus a maximum percentage of the excess of said quote, which is designed to cover any contingencies that may come up during the build.
5. Sustainability Plans
A sustainability outcome plan is becoming more common when choosing a builder. Builders will provide you with a detailed plan of the actions they plan to implement to ensure your build meets green home building restrictions. The plan should include the government and council sustainability requirements, along with any further requirements that you have as the homeowner. It should also cover what repercussions the builder will face if the sustainability plan is not adhered to.
Contact a local home builder to learn more.