How to Find a Good Home Builder
Buying a property is a big decision. And a big part of buying property is choosing a good builder. Depending on the builder, you’ll know exactly what to expect from your dream home once it’s built. So then, why take a chance? Here are some ways in which you can choose a good builder.
Heed to Word of Mouth about the Builder
Word of mouth is an excellent way to obtain credible information from people around you. Get in touch with your friends and relatives, and ask them about the builders who designed their projects. What do they have to say about their builder? As the people you’re asking for advice are your family and friends, what they’ll say will be in your interest. And the information you’ll receive will be credible and trustworthy.
Going online to know more about the builder is a great alternative. And although that’s fast-becoming a preferred option, you cannot always be sure of the information you obtain, thanks to marketing gimmicks and sales tactics.
Check on the Builders’ Background
You may have found a few builders’ names from your family and friends, and from newspapers and online listings. Once you have a list of builders ready, run a background check on each builder. Enquire about the projects completed previously and those that are lined up for the future. The builder’s portfolio will help you understand whether he or she is qualified to execute a residential project effectively.
Extract Information on Previous Projects
When you’re learning about the builders’ past projects, it is important to carefully observe the kind of work they’ve done. That will give you a good idea about the kind of work you can expect from a particular builder. It’s your dream home – it goes without saying you’d want to be sure about the end product.
Most typically, you should check if the builder meets the quality standards, especially in terms of the use of materials and design specifications.
Check if the Builder is Part of an Association of Builders
If a builder on your list is associated with an association of builders, that’s a good sign. Builders’ associations such as Confederation of Real Estate Developers’ Association of India (CREDAI) and Builders Association of India (BAI) enforce strict quality guidelines for developers to follow. Naturally, you won’t have much to worry if your builder goes about building your home as per established quality standards.
Check if the Builder will Compensate in case of Delays
Most often, projects are delayed because of circumstances beyond the control of the buyer, seller, and the builder. But in the few times that the builder may be at fault, is he or she willing to compensate for the losses you incur because of the delay? You should make sure you’re protected. The best way to do that is to include the aspect of protection against delay in your agreement.