Tips for Choosing a Luxury Home Builder
Whether you’re looking for a luxury home fully fitted with every high-tech gadget or maybe you’re looking for an architecturally significant modern home; you must hire the ideal home builder with an impeccable reputation.
There are more than enough builders out there and each builder may look great at first but as you’re spending a fortune, you don’t want choose the wrong builder and make a bad decision. Well, on your road towards a custom luxury dream home, this is the first and foremost important decision to make.
Choosing the right builder not only means the finished custom home will be everything you desire, but it also means the process itself will go smoothly and in a timely fashion. In contrast, the wrong builder can lead to delays, subpar work, and you even may have to face legal problems.
You want the vision of your luxury home but you could be left with a disaster of shoddy workmanship; this all depends on your diligence and ingenuity in choosing the home builder.
But how would you find the best one for your needs?
Here are some top pro tips to improve your odds of choosing the right luxury home builder:
At this stage; you probably know some building company names in your area and aren’t much aware of how to go at it. But if you can get a list of some 5-10 names at this stage; you can gradually exercise through steps below to short-list the top contenders. Searching for the right builder is pretty overwhelming but you should never jump to the conclusion, this is one of the biggest financial investments of your life, so why should it be rushed?
You can ask your homeowner friends and family members for their recommendations, especially those who’ve recently undertaken a luxury home build in your area. You can also search online and check reviews of different builders and even your social media friends can be handy in getting recommendations.
Have Plans Ready
Like any other endeavour, the success of constructing a luxury home depends on a clear goal and scope. Hence, at this stage, you have to be pretty sure about the scope, style of construction, amenities, and features you require in there.
As you’re looking for a luxury home, accordingly you need utmost perfection in terms of quality with long-lasting building materials and elegant finishes. It’s your part and you just can’t entirely rely on your builder or architect to throw their decisions at you.
Define and spell out the scope item-by-item at this stage to avoid unexpected variations and costly redo works during the project. Narrowing down your project preferences would also make it easier for you to scrutinize prospective contractors based on their laid out expertise in technical bids.
Don’t rely on lowest bid all times
Your luxury home doesn’t always deserve the lowest-priced builder. Although there’s a strong motivation in closing the deal with the lowest price, you should be very careful in signing a contract at the cost of quality. Builders are here for business and while you already have your project realistic cost in hand, you can readily judge whether or not the cost is reasonable. So, ask your potential builders to have a thorough breakdown in cost of materials, labour and provisional sums.
A typical profit margin varies from 15 to 20 percent of builders but this total profit is minimised when you need to factor in the builder’s ongoing overheads, business premise, insurances, public liability and licensing fees and various other costs that need to be factored in.
Take references and review credentials
After shortlisting your builders based on your project scope; look over the list of builder’s references and take note of their project portfolio. Once you’ve taken references, you can visit already constructed model luxury homes that match your style, so you can see the quality of their work. You can contact their past customers and ask them about the contractor’s credentials, quality of work, and overall performance.
Have enough talks before closing the deal
Now that you’ve narrowed down your selection of luxury home builders; it’s the time to call on a meeting and have talks with your builder, the builder that is open and honest and willing to communicate should be high on your priority list. Brainstorm your questions or confusions you want to discuss. You can ask them about their process of work, how they’ll ensure quality and what would be the estimated timeframe. You can compare their responses to your inquiries and this process will help you in catching the perfect builder who’s dependable and is determined to see the project through to the end.
Time to Call The Experts
With so many dreamy ideas in your mind, hunting for the luxury builder can be a bit overwhelming. You need a home builder who you can trust, and who can get along with you on this project; and we, at Grand Living Homes, are committed to providing excellence in quality across all aspects of luxury building construction.
No matter the size and scope of your future luxury home, we take pride in award-winning design-based architectural custom construction. So, what you’re waiting for? Give yourself a sense of peace, call us now and we’ll discuss how we can design your dream luxury home.