When you are planning on hiring a home builder or contractor to build a home for you then there are a few things that you will want to keep in mind about the home building contract. The home building contract is an agreement between you and the home builder or contractor who will be building your home for you.
What You Need to Know About Home Building Contracts
A home building contract usually includes information about the start dates and the finishing dates, the right to settle any disputes via arbitration, warranty of the work that was performed and the materials for usually around a year, a payment schedule, a description of the materials, a description of the job thoroughly, and last but not least the waiver of subcontractor liens.
There are many things that you will want to do before you sign a home building contract. This is a list of the things that you will want to not do when signing this contract.
The first thing to keep in mind is that you do not want to sign an incomplete home building contract. If it is unfinished, or even vague, there could be chances of disagreements in the future.
The second thing that you will want to keep in mind is that you will not want to sign a home builders contract the first time that you see it. You will want to request a copy, and take it home with you. When you have it you will want to study it, and if everything looks proper you will still want to sleep on it.
The third thing that you will want to keep in mind before you sign this contract is that you will want your lawyer to have a look at the home builders contract. Your lawyer has a degree in law, and will be able to take a look at the contract and see if everything is in order, and is lawful.
You will want to make sure everything is in place and perfect before you sign the home building contract. Work will not proceed until the contract is signed.
Now let’s recap…
What to Look for in a Home Building Contract Overview:
1. The home building contract is an agreement between you and the home builder or contractor.
2. The home building contact will include all of the details of the project.
3. Do not want to sign an incomplete home building contract.
4. Do not sign a home builders contract the first time that you see it.
5. Have an attorney review the home building contract before signing it.
6. Learn more about home building contracts by downloading the free New Home Steps Guide above on the right hand side and become savvy on the overall home building process.