How to Avoid Pitfalls When Engaging a Contractor for New Home Construction

You are ready to build the home of your dreams and you have selected the perfect house plan, now all you need to do is find a contractor! Sounds simple right? Not so fast….Unfortunately, many people find that selecting a contractor isn’t as easy as picking a few names out of the phone book and getting a quote. The first thing that you need to do is go to the bank. Find out what amount you are preapproved for and determine what you are comfortable spending per month in payments. Often, these two numbers are not the same. Be sure that you are clear on the amount you are able to spend on your new construction project. Once you know the amount you are able to work with, it’s time to interview builders. Make sure you are clear with the builder you select on the number you are willing to spend and avoid going over budget. Continue reading