Selecting a custom home builder in Texas can be nerve-racking. It is even more so if you are funding the process with a construction loan, as the bank may have their own two cents about the builder you choose to work with. This may even affect your ability to be qualified for the loan. Here are some tips to simplify the selection process and ensure you find a builder who can pass the bank’s scrutiny.
Look for All-Inclusive Quotes
Stay away from companies who provide you with a bait-price. Simply put, the builder pulls you in with a low price per square foot but conveniently forgets to include elements of the actual turnkey cost. These may include the following:
- All required permits
- Landscape work, such as a driveway
- Hookups to septic, water, electricity, etc.
- Appliances, if included
Check Customer Satisfaction
If most other customers are not happy with a contractor’s work, you probably won’t be either. Check their reviews online. Ask for references. Visit one of their ongoing sites and ask the workers some quick questions. You may also want to check to see if there is a pattern of judgments against the custom home builder you have in mind. If customers keep suing, especially for the same problem, this is a bad sign.
During the build process, you will need weekly updates. If you are a town or several states away, this is especially important. If you financed the build, your bank will also need to know how the building is progressing and may send their own workers to the site to see for themselves how things are progressing. Construction loans are high risk for a bank, so try to keep things running smoothly by ensuring you are way ahead of your lender.
The key to building a safe and beautiful home is working with the right custom home builder. Remember to do your due diligence and never shy away from asking the tough questions. You will be glad you did.