Possibly Signing New-Home Contract Next Week, Seek Advice
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.
1. Are there any forums, web-based or Usenet, that are very active and are
designed for those that are building homes?
2. 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.
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