Questions to Ask Your Builder To fully understand the process and to determine if you’re going to be a good fit, consider asking these questions when meeting with a prospective homebuilder:
1. What are you good at doing? 2. How do you create value as a building company? 3. What standards do you hold your subcontractors to? 4. How long have your subcontractors worked for you? 5. Do you use the same subcontractors when you build a $200,000 home as you do when you build a $1 million home? 6. How are your subcontractors paid? 7. How do you collect lien waivers? 8. Can I review the contracts you use? 9. How long has your company been in business? 10. What is your standing with the Better Business Bureau? 11. Can you provide ten to twenty references? (Anyone can satisfy three customers; you want a builder who satisfies them all.) 12. Can I see several of the homes you’ve built? 13. What quality of products do you use on the hidden features of your homes, such as insulation, electrical elements, and wall materials? 14. How flexible are you with your schedule in regard to the closing and choosing selections? 15. What happens if we make a wrong decision or selection and decide we want to change it?