Many contractors have display homes which you can visit. The contractor offers to build the same house wherever you want it at an advertised price. Many contractors also offer standard home designs which you can select and have them build at their advertised price. While others offer a kit home, which you can purchase and erect on your property. This all sounds like a great idea, you know what you are getting and the price! But is that the case?
What's included in the price of your new home?
As with any contractor it’s important to understand the contractor’s reputation and their reliability. In many cases owners fall in love with a particular home design which is within their budget. Sometimes it's not even the overall layout that they like but specific features of the house. It seems an easy process then to sign a contract and get your new home construction underway. Little thought has been given as to who the contractor is, and whether you’ll be getting the advertised product, at the price you envisaged and within the time-frame required. It’s important to choose your contractor wisely (see my article later on selecting the contractor and questions to ask your contractor) and not become solely focused on a particular product.
When selecting a display home or standard plan you must consider the following:
Of course selecting a house from a standard plan does have it's advantages. It can save design fees. In some cases the plans are already approved for that area so it could speed up approvals - meaning construction can start sooner. Often builders have optimised the house designs so they are cheaper to build than other designs.
But it's always important to understand what you are getting and that there aren't hidden costs and unpleasant surprises. Importantly, always ensure that you are employing a reputable contractor and that the home design is really what you want.
I'll discuss many of these points in more detail in later articles. But of course they are all in in my new book 'An Introduction to Building and Renovating Houses: Volume 1 Hiring Contractors, Managing Construction and Finishing Your Home' which also contains lots of valuable information to save you money and ensure that your home build or renovation project is a success. Click on the image to read a preview on Amazon. The book is available in paper or ebook form from Amazon and other online stores, or ask your local bookstore to order a copy for you.
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I’m a construction professional, author of several successful construction management books, and a home owner. I’ve made mistakes in construction management, I’ve seen others make mistakes, but importantly I’ve had multiple successful construction projects and I’ve learned from the mistakes. I want to share these lessons and my knowledge with you.
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and 'An Introduction to Building Houses - Volume 2 Finding Your Ideal Property and Designing Your Dream Home'
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