There are many important steps when it comes to building your own home. One of the first, most crucial steps is gaining as much information you can about the development and in particular, the lot you are considering purchasing.
It is essential that you are well prepared ahead of time. This is a brief list of some of the questions you will need to know the answers to ahead of time. While you may think that these are things everyone knows already, the fact is that in a high pressure sales environment, you could be made to feel like you must sign a contract immediately. In a situation like this, the obvious points could be overlooked.
What do you know about the developer you will be dealing with? How is their reputation? What do you know of their reputation?
You need to find out all there is to know about the lot you are thinking about purchasing, as well as the area of development. This is so important, as it will be your future neighborhood. What are some of the questions you will want the answers to?
A sample of these questions are:
- Does the contract list all the things you’ve been promised by the sales pitch?
- How big will the development be when it is finished?
- What are the amenities can you expect to enjoy?
- Will the developer be providing access roads to your particular property? And who would be responsible for their maintenance?
- If the developer went bankrupt, what will happen to your particular property?
- What about any restrictions that exist? For example, could you live on the site while the home is under construction?
- After the completion of the development, what allowances have been put in place for maintaining the development?
- When it comes to annual fees, what can you expect to pay?
It is a good idea to have these kinds of questions in mind, but be aware that these are just a sampling of some of the questions you will want answering. Please contact us for more information.
