Make sure that the builder you hire to erect your dream home or renovate your existing one has sound credentials. Ask for references and if possible, visit previous sites he has worked at.
REALTORS® Speak to his clients to ensure that they were satisfied with the price, length of time in which the project was completed and overall, how the project was handled.
All contracts with a builder should be very specific about all construction details right down to when the job will be completed – in writing of course.
It is imperative that a buyer understands whether or not he/she is protected with warranties and to what extent. Don’t neglect to receive advice with respect to appropriate holdback or deficiency provisions.
Remember 5% GST applies to buying a new home.
Get estimates from several contractors and ask them to explain in detail their quotes, keeping in mind that the lowest price is not always the best. Some contractors may have budgeted for higher quality materials whereas some may originally have bid low to get the job and then plan to submit additional projects costs once the job is underway. Always note in writing the specific finishes and brand names of the products to be installed.