Building a home is one of the most important decisions you’ll ever make. You want to make sure that everything goes smoothly and that you truly get your money’s worth out of this investment. Here are a few important questions that you should ask a luxury home builder before signing a contract.
Home Many of Your Homes Go Over Budget? Under Budget?
This might seem like a bold question to ask, but it’s an important consideration. Just because you are quoted a certain price doesn’t mean that’s the price you’ll wind up paying for your home build. In fact, coming under budget is really an exception to the rule. Many home builds wind up going over budget for a myriad of reasons. If your budget is tight, you really can’t afford any wiggle room, and you need to make this known to your home builder upfront. They will be able to use this information when they are advising you on certain aspects of your project.
How Many Your Homes Are Finished on Time?
This is another sneaky little fact that people don’t like to talk about when it comes to a luxury home build. When you talk to people after their homes are finished, they are usually so happy to just be in their new homes that they’ve quickly forgotten about the many challenges they went through, such as timelines going off the rails. The time it takes to complete a home-building project can be affected by many different factors, so it’s good to have an idea of whether a specific builder prioritizes timelines or not.
What Is a Realistic Timeline for This Project?
Express to your builder that you are more concerned with having accurate and realistic information upfront than just simply being told what you want to hear. Every potential homeowner wants to hear that their home will be finished quickly, but you don’t want your project to be rushed. Request that your builder give you honest upfront information, even if things will take longer than you anticipated.
What Types of Home Plans Do You Specialize In?
It’s good to know what a builder can realistically perform for you upfront. Sometimes a builder might be tempted to promise things that they realistically aren’t qualified or experienced in providing. Talk honestly with the builder so that you don’t run into any problems in the future.
Did you know that, according to IBISWorld, there are 378,036 home builder businesses in the U.S. as of 2023? With so many options, it’s important to find the right fit for your needs. If you’re looking for a luxury home builder in your area, please contact Bryan Murphy Builder today. We are here to help you with your home-building journey, and we’ll be happy to answer any questions you may have along the way to ensure the best possible experience.