Hello, and welcome back to our blog here at Strata Homes. In our last blog, we highlighted some of the key things you should look for while choosing a home builder. Before you begin, it’s important to fully understand what your own wants and needs are, as well as what kind of home you can afford. Once that’s done, you can begin narrowing down your choices based on experience and qualifications. Keep reading to learn more about this process.
Certification, Insurance, And Warranties
One thing many home buyers forget to do is to check for the appropriate certification, insurance, and warranties from their home builder. You’ll need to make sure your home contractor has the correct licensing and certification in order to operate in your state, as well as the appropriate insurance. As far as insurance is concerned, you’ll need to make sure that the home builder is paying builder’s risk insurance. This type of insurance protects against the home and building materials while the home is actually being built. However, once construction is complete, the home will no longer be covered. Who pays for this insurance will depend on the ownership of the lot. If the home buyer owns the lot, they will be responsible for the insurance. However, if the home building company owns it, they will pay for it.
Many builder warranties will last up to two years after the home is built. However, major structural elements are usually covered for up to 10 years. Don’t wait to ask about warranties because they will vary from builder to builder. Additionally, if the home builder goes out of business after your home is built, you’ll never be able to use those warranties. There may be an opportunity for third-party warranties, but these aren’t ideal and will lead to extra costs for you. Both insurance and warranties are better sorted out sooner rather than later so that you know where the liability lies if something goes wrong. A great home builder will walk you through all of this making sure everything is clear and concise.
Industry Involvement And Awards
The National Association Of Home Builders was founded in the 1940s as a way to bolster the home building industry ensuring that everyone has access to affordable and safe housing. Around 80 percent of the homes built in the United States each year were constructed by NAHB members. Although NAHB membership doesn’t necessarily indicate that a home builder is dependable and affordable, it does show they have a high degree of commitment to the industry as a whole.
Awards are another indication of industry involvement and overall success in the industry. There are many types of home building awards out there such as the NAHB International Builders’ Show, The Parade of Homes, and more. Many awards are given for either individual homes, designs, or overall good practice by either meeting or exceeding industry standards. This is an important thing to look for when choosing a home builder.
Is the home builder you’re considering transparent about their home building process? If they’re currently working on another home ask them if you can do a walkthrough or if you can speak with the professionals who are working on it. Not only will this help you to determine if this builder is right for you, but you’ll get a pretty good idea of the home building process, from start to finish.
Use Your Instincts
At the end of the day, finding a great home builder is all about using your best judgment. You need to take into consideration certification, their experience, as well as evidence of successful projects. But what matters most is that you feel confident relying on them to build your dream home. You’ve spent a long time saving up for this moment so only you can say for certain what you want and need out of your new home.
If you’re planning on having a custom home built in Florida, don’t hesitate to call Strata Builders, we are your top-rated and award-winning home builders in Eustis and would love to hear about your project.