When entering a contract with a custom home builder, it’s vital to scrutinize Orlando Home Builder to protect your investment. Start by ensuring that the document is professionally written and includes the full legal names and contact details of both parties. The project description should be comprehensive, outlining the exact location, architectural plans, and construction specifications agreed upon.
One of the most critical elements of a custom home builder contract is the project Custom Home Builder in Orlando document should specify estimated start and completion dates, along with milestones that indicate progress. Having this information in writing helps manage expectations and provides accountability throughout the project.
Another crucial inclusion is a detailed cost breakdown. The contract should include the base construction cost, allowances for materials like cabinetry or flooring, and any additional fees or contingencies. A custom home builder should clearly explain what is and isn’t included to avoid surprise costs later. Payment terms should be spelled out, including deposit requirements, draw schedules, and final payment timing.
Pay close attention to clauses related to change orders. During a build, it’s common to request modifications, but these should be handled with formal documentation that adjusts the cost and timeline accordingly. The contract should also address dispute resolution methods—whether through arbitration, mediation, or litigation—should disagreements arise between you and your custom home builder.
Lastly, ensure the contract includes warranties and guarantees. Most reputable builders offer warranties on workmanship, materials, and major systems. This shows that the custom home builder stands by the quality of their work and will take responsibility if issues occur after move-in. Before signing, consider having an attorney review the contract to ensure your interests are fully protected.