Ready To Put A Deposit Down To Build A New Home? Get A Lawyer First
If you are ready to break ground on a new house with a local builder, but you are getting to the point that you need to sign contracts and you don't have a lot of information about the contracts that you need to sign, there are some things that you want to take into consideration, and you want a lawyer. Have a construction lawyer help you through the building process, to make sure that you understand the terms of the contract and what the builder is liable for. Here are some of the things that you want to ask the lawyer to do and about.
Price Agreement and Terms
You want a lawyer to go over the pricing part of the contract since you don't know what is standard or practical. Some of the information they will proof includes:
- Payment due dates
- Pricing for materials and appliances
- Contractors fees
- Loan total at closing
Once the lawyer has approved the payment setup and plans, and your lawyer has communicated with the bank and your builder, you will feel confident going through with the build financially.
Expectations for the Project
You want to make sure that the house looks exactly as you expect it to when it's completed. Throughout the building process, the lawyer will make sure that the builder uses the quality of materials that you wanted, that the layout that is as instructed and agreed upon, and the timeline for when you want the project to be finished.
Post Construction Warranty Information
The builder should offer a warranty for their work, and there should be warranties with the high-quality materials you are expecting to be used in the home. You want a lawyer to go through the warranty to make sure that it's acceptable and what you are paying for, and then you want to use your lawyer to settle any issues that you have with the house past construction.
When you are working alone with a builder and you don't know the terms of the contract or understand the construction process, you may not be getting what you think or you could have some issues. Instead of putting yourself and the money you are ready to invest at risk. Instead, purchase the house with confidence because you know that your legal professional went over all the details of the contract, and also that you have them if anything goes wrong. To learn more, contact a law firm like Sauro & Bergstrom, PLLC.