1 – Set a Realistic Building Budget
When you decide to build a home it’s important to budget accordingly to avoid overspending. Consider meeting with a lender to determine if you qualify for a loan and what amount you qualify for. This figure and the down payment will help you figure out your actual budget once these fees are paid.
2 – Be Selective on a Neighborhood
So you already know you want to build a home, but where should your home be built? There are many factors to consider when deciding on the ideal neighborhood. If you have children you will need to consider the schools. Depending on the location you find, the homeowner’s association should be able to help you figure out the costs for dues should you build a home in the desired neighborhood. Taxes are often higher for homes built in SSA (special service area) neighborhoods so be sure to ask about this too.
3 – Research Tulsa Home Builders
You don’t want to simply choose a home builder without first checking reviews, references and feedback by other consumers. The last thing you want is to get halfway into the new home construction process only to discover your builder is incompetent and possibly end up paying more than you budgeted, or should have to. Look at the builder’s model homes to get an idea of their work. Then request references from the builder; preferably three or more. Find out if they have had any arbitrations or lawsuits, if they have ever been sued and verify their experience and staff competence. If they’ have a rather high turnover in terms of employees, you might want to keep looking at other builders.
The Tulsa Better Business Bureau is another great resource for researching a builder. Ask around to friends, family and neighbors to see if they have any knowledge of the builder or maybe a recommendation of one.
A home is not a purchase to be taken lightly, so it only makes sense that you research and choose a builder wisely.
4 – Have Everything in Writing
You want to make sure you know exactly what is included in your contract, including the standard features. To protect your investment make sure you get this in writing. Choosing a home builder that basis their pricing on “per square foot” may not necessarily be cheaper or better than another builder who takes a different approach. You want to review everything that is included and again, get it in writing.