lunes, 19 junio 2023

If you`re planning to build your dream home, you need to have a contract in place before starting the construction process. A construction contract outlines the responsibilities and expectations of both the builder and the homeowner. It`s important to read it thoroughly and ensure that all the details are clearly defined before signing the agreement.

Here are a few key points that should be included in your new home construction contract:

1. Scope of Work: The contract should clearly define what work will be done and what will not be included. This can include the materials to be used, the quality of workmanship, and the timeline for completion.

2. Payment Schedule: The contract should also outline the payment schedule and how much will be due at each stage of the construction process. It`s important to ensure that the payment schedule is reasonable and that the builder is not receiving too much money upfront.

3. Change Orders: Change orders can arise during the construction process, so it`s important to have a clear understanding of how they will be handled in the contract. This can include how much extra costs will be incurred and how much time will be added to the project timeline.

4. Warranty: The contract should also outline the warranty period and what it covers. This can include any defects or issues that may arise after the completion of the project.

5. Dispute Resolution: If there`s a dispute between the builder and homeowner, the contract should outline how it will be resolved. This can range from mediation to arbitration or even legal action.

When drafting your new home construction contract, it`s important to work with a reputable builder and consult with legal professionals. By having a comprehensive and clear contract in place, you can ensure that your dream home is built exactly as you envisioned it.