Is your Builder Safe to Deal With?

Choosing a Right Builder for Buying a Home

Real estate is one of the booming industries which offer long-term investment opportunity. Right builder helps you to get your dream property or home easy. Nowadays banks and financial institutes come up with innovative offers that best suits property buyers. Government is also helping property buyers with cut down in stamp duty and registration charges.

Choosing right builder is essential for investing your lifetime earning in secured place. Nobody wants to buy a home that offers short-term joy or excitement. There are number of builders in city which often confuse buyers from where to buy property. Before investing or choosing a builder, you need to know more about your builder. Here are some tips for choosing right builder.

Tips To Choose the Right Builder

Research

Making research on contractors or builders in your city is first and important thing you need to do before choosing a builder. You can get list of builders from websites or local newspaper. Make research on projects they have completed, ongoing projects and future projects. If possible visit the buildings or projects they have completed and get customers response about the builder.

Certification

While checking reputation of builder, check for certification and the membership in certified professional such as ISO certification, membership in builders association etc. This will help you to filter reputed and quality builders from your list. It is very important to know the builders qualification or certification before you choose a builder.

Liability Insurance and workers’ compensation

If you builder does not have liability insurance, you will have to pay compensation for accidents or injuries occurred during construction of your house. Check whether builder has liability insurance.

Visit builder’s office

Visit your builder’s office two or more time, examine the builder’s office premises, office address, and verify the phone number. Nowadays most of the builders hold cell phone or mobile phone. You get them verified by visiting their office. If possible ask for reference and contact details of customers who are using the service of company or used the service.

Talk to Existing Customers

Check whether customers who bought home or property from the builder are satisfied by building condition. One or more complaints don’t mean company is not reputed or company is bad, especially when company is in the field for longer period.

Meet the MD or Head of the Company Face to Face

Now narrow your list to two or three builders and have a face to face interview where you need to tell them your need and budget. While communicating them never give them hint or idea that you have other builder in your list. Chat like you are going to invest or buy property from them. They will explain you details and price that can you need to invest for buying. Ask more questions about builder’s track record, construction process, process or payment and so on. Similarly have a chat with other builders in your list and choose the builder who offers best for you. Never compromise with price and quality. Some builders may quote you high price but will be able to provide your dream home.

Talk to your builder

If you are contended with other such criteria of the builder, very next initiative you should take is to sit and talk with your builder. Remember, communication is a golden key to settle a successful deal midst you and your builder. You should flag up the problems or clear doubts (if any) and discuss it with your builder rather than “hoping for the best”!

Final step

After choosing your builder, you can continue with documentation procedures. Ensure that you get the things and offers made by builder during your meeting or interview in written. You need to seek lawyer’s assistance before you sign the contract. You can renegotiate before you sign the contractor. If the price or offer made by builder do not suits your need or budget, don’t worry, you can contact other builder. Remember, once you signed the contract, you are liable to follow the rules and condition in the contract.

You need to plan well before you choose a builder. It is good to take some time to choose a builder than investing on property which will cause problem in future. You have right to get for what you invest. Buying a home is not just a transaction but one your investment for better future.