Possibly Signing New-Home Contract Next Week, Seek Advice
Hi,
Next week I'll begin negotiations with a builder regarding a home that has been framed in and is nearing the bricking stage. It will be the first home I've purchased (although I've bought, and own outright, a Condominium). I have a few basic questions. First, note that the builder has a good reputation: He's built two homes in the neighborhood already, and a third with his Father-in-Law, and the owners are very happy with his work. Furthermore, folks that live in adjacent homes have watched him build, and they have been pleased with what they've seen.
- Are there any forums, web-based or Usenet, that are very active and are designed for those that are building homes?
- I need to study-up on contracts (if we succesfully negotiate I will sign a contract and give him earnest money), most especially contracts that are signed in mid-construction, when quite a bit is left to do. Generally speaking, how detailed should the contract as regards what the builder is obligated to do with the remainder of the construction? In other words, should it contain details like soffet lights, types of doors, number of electrical outlets, countertop materials, etc, or should it address those issues in broad terms? One of the things I'm most concerned with is the quality of the HVAC unit, Water Heater, and Appliances.
Thanks,