How to Objectively select your Southwest Florida Builder
Building a new home, for most people is the largest financial investment you will make in your lifetime. Selecting a competent, reliable and honest Building Contractor that can transform your dream into realty is imperative.
Many are very good, some not bad and unfortunately there are a number of them that are simply just not qualified. Every year contractors close their doors due to poor business practices.
It is critical that you use great care when selecting your builder CHECK:
Financial Stability - Perhaps the most important aspect of the selection process. Get banking references and lien records to be sure the Contractor is paying sub.contractors on a timely basis, and find out how long the Contractor has been in business.
Reputation - How long has the Contractor been in business? Check his reputation with consumer protection agencies such as the Building Departments, and area Trade organizations.
Professional Qualifications - Be certain the Contractor is actively licensed and will be personally responsible for the building of your home. Be certain that the company selling you the home is the same company that will build your home. Be careful not to get involved with one company that will sell you a house and then hire another contractor to build the house.
Customer References - Get references and check them out. Phone the people and ask them how their experience was and if the Contractor and/or their representative delivered as promised.
Price - Many times Contractors will present you with a low price and then after you sign an agreement let you know what is not included in the purchase. Be certain that the Contractor or his representative goes over the entire process in detail, and answers any questions you may have..
Quality - Check into the specifications and product names that will be used in the building of your Home. It is important that the materials are supplied by both a reputable distributor and manufacturer.
SWFL GENERAL CONTRACTORS, INC.
CUSTOMER “WALK THROUGH” GUIDELINES:
The buyer/s will be contacted to set up a time and date to walk the home and create a “Punch List” of items to be corrected. The Punch List will be done in writing and signed by both the buyer and seller to insure customer satisfaction. Punch work is normally completed within 30 days unless there are delays beyond our control, e.g. material delays, weather, etc.
The buyer/s may authorize (in writing) a different representative to walk the home if necessary and agrees to abide by the representative’s review of the home.
At walk through notification, the buyer/s will be provided their bank affidavit to be signed. This authorizes the bank to begin the process to pay the builder his final draw, authorizes the builder to release his lien against the building, and transfer ownership to the buyer (this can take 7-10 days or more). THE BANK AFFIDAVIT MUST BE SIGNED AND RECEIVED BEFORE “PUNCH LIST” WORK IS STARTED. DELAYING THIS AUTHORIZATION FOR PAYMENT WILL DELAY THE COMPLETION OF YOUR HOME AND THE TURNOVER OF YOUR KEYS. THE BUILDER HAS PAID FOR YOUR HOME IN FULL AT THIS POINT AND MUST BE PAID PER CONTRACT.
At CO (Certificate Of Occupancy) the buyer/s must have one full year insurance on the home (required by the bank). Our builders “Risk” insurance ends at CO and your insurance starts. YOU MUST HAVE INSURANCE ON YOUR HOME THE DAY AFTER CO TO PROTECT YOURSELF IN CASE OF THEFT, FIRE, ETC. DO NOT RISK WAITING!
At the time of the walk through, any additional charges that may apply above standard allowances will be provided in the form of a Change Order; extended driveways, extended electric, extra fill, extended culverts, unpaid Change Orders, etc. Change Orders must be paid in full before the keys to the home are turned over.
At the walk through, the superintendent will review status of all inspections in relationship to receiving the CO (Certificate Of Occupancy). Approximate timing for these inspections will be estimated for the customer.
The walk through is a “comprehensive review” of every room, inside and outside and will detail every item for correction or replacement. There will be only “one” punch list done “one time” with a signed copy provided to the buyer/s upon completion of the walk through. Cosmetic items are corrected only once. Tile is replaced only “once” in 12 months. Your one year warranty begins at CO.
The buyer/s must change the electric over into their name within 7 days from CO.
* Your expeditious handling of the aforementioned items is key to getting punch work started and completed on time, getting the builder paid, and transferring ownership of the home over to you.