Scams are becoming too frequent in today’s world. Here are some warning signs to look out for as you chose your custom home builder:
- Too Good to Be True- If something sounds too good to be true, it probably is. Be cautious when quotes or estimates don’t add up or fall in line with quotes from other builders.
- Too Few References- An honest, well-reviewed builder should be able to provide you with multiple reviews from previous clients. Make sure these reviews are recent and credible.
- Rush to Contract- Any builder that rushes you into contract might as well be waving red, warning flags. Don’t sign anything without thoroughly understanding and knowing all you are agreeing to.
- Check Online Resources- Research credentials, certifications, and licenses that any builder holds. Also, check with the Better Business Bureau to research builders.
- Vague Specifications- If specifications are incomplete or lacking, ask that they be made specific. There is no room for interpretation in specifications.
- Insufficient Allowances- One way for a builder to present a low estimate is by not including sufficient or all the needed allowances. Research allowances and identify which allowance amounts will allow you to build the quality home you want to build.
The bottom line: make sure your builders earns your trust and respect before your sign a contract.