Hiring a home contractor to oversee the construction of a new house you want to build is a smart idea. Contractors usually have contacts throughout the industry and can provide you with advice and practical assistance that will get the house completed. However, it's also smart to discuss the items below; doing so will protect you and make sure you get the house you want.
Is the Land Suitable for a New Home?
You may have already bought a piece of property to build a house on. However, without much knowledge of what kind of land is suitable for a home, you might have bought land that is too soft to support a house or has underground tanks that make it unwise to build on. An experienced home contractor will have the soil tested and take appropriate action to have any tanks removed. They will ensure that a piece of land is appropriate and safe for building.
Are the Contractor's Workers Employees?
Insurance issues are likely to be of concern to you while you have strangers working on your property. If someone is hurt while working on construction, you could end up being found responsible and the subject of an insurance claim. That's why you'll need to find out directly from the contractor whether the people he'll have on site are employees. If so, it's probable that they are protected by workers' comp insurance and you would not have to be involved on the insurance end of things if there is an injury. You can also directly ask about insurance carried by both the contractors and their workers.
How Will the Finished House be Valued?
After the expense of having a house built to your specifications, you need to know that its value is comparable to or exceeds the value of other homes in the neighborhood. While your home contractor might have an appraiser in mind, you might want to enlist the help of a good real estate agent in the area. That's because they can provide you with up-to-date market sales in the neighborhood so you can get some idea of what your new house would sell for. The information from both the realtor and the appraiser can assist you if you ever want to take out another mortgage on the house or use the house as collateral for other finance deals.
After discussing these issues with your house contractor, you'll be ready to start construction on the new home. Keep in contact with your contractor along the way to ensure everything proceeds on schedule.