Part 4 What Is Required To Have A Successful Custom Home building Experienc

www.regalclassichomes.com

Part 4 What Is Required To Have A Successful Custom Home building Experience

4. On time and within the budget requirements.

On Time Delivery starts with the Building Contract (How quickly can the builder construct my new home). The building time-frame (8-12 months) is written into most construction documents. The clock starts ticking (homeowners ask, when can I move into my home) the day the Building Permit is issued. Of course, a large number of activities have to take place between the issuing of the permit and when the keys are handed to the Owners.

Weekly Status Reports sent to the Owners as well as main team members (Realtor, Interior Designer, Architect, Owners and Builder) so everyone is kept up to date with the project. The status report covers:

• Reaffirm the homes completion date.

• What was accomplished this week?

• What items have been started but not yet completed?

• What activities are scheduled for next week?

• Items needed from the Owners to keep the project on schedule.

• Attach a photo from live web camera for each work day.

A status report cuts down on the finger pointing. The key team members know what’s happening with the project and what they may be doing to hold things up. If the project is falling behind everyone is aware and steps can be taken to speed things up.

Attaching a photo from each day documents the progress on the home and provides a visual record.

Building Within The Budget Requirements- takes discipline and careful planning. 

• Signing a fixed price contract (When building a home, cost plus or fixed price contract) is the first requirement. 

• Owners make all their selections (How to save money when building a home) prior to the commencement of construction. With this approach, there are no “allowances” in the contract to exceed. 

• The only way to exceed the budget (Change Orders, is my Builder ripping me off) is with a signed change order. Each C.O. also states how much the building time-frame is to be extended due to the change.

Have an awesome day!

Mike