Mortgage Calculator | Credit Cards iconSmall Business | Your Money | Construction | Entrepreneur | Student Loan

money smart personal finances

Selecting Your Builder for Your New Home

Steps in selecting the builder for your new house.

Look for builders in the Sunday paper.

Drive around an look at developments you like.

Attend builder open houses.

Ask how long the builder has been in business.

Does the builder communicate effectively?

Ask to see the builder's license.

Ask to look at houses that the builder has completed.

Ask the builder for references and call them. Ask about on time completion and quality of work.

Ask the builder what bank he works with and then contact the bank to assure that he is in good standing. Construction lenders usually keep close tabs on the builders and generally if the bank is willing to work with the builder, the builder is probably sound.

Contact the local builders association. Is the builder a member in good standing.

money smartLendingTree Mortgage DropDowns