5 things to negotiate with your builder (that isn't price!)
While getting the right price right on your new home build is important, there are other key things that can make a big difference in how smoothly your project goes.
Here’s a my tips on five things negotiate with your builder—besides just the cost:
1. Payment Schedule (avoid front loading!)
One of the first things to discuss is the payment schedule. Instead of agreeing to a front-loaded payment schedule where a disproportionate percentage of the build cost is paid upfront, negotiate for a payment structure that aligns with the progress of the build. This way, payments are made based on completed milestones, providing better protection for both parties and ensuring that work is completed to the right quality before further payments are made.
2. Nail the details on Defect Management
It's really important to be in the same page as your builder on how defects and quality issues will be handled. Ask your builder for written details on their process for addressing pre-completion issues. This should include how they will rectify defects and ensure quality workmanship. Having a clear plan in place helps you understand what to expect and ensures that any problems are resolved promptly and effectively.
3. Start and Finish dates
Discuss and agree on realistic start and finish dates for your build. Having these dates in writing helps set clear expectations and allows you to plan accordingly. Make sure to include provisions for any potential delays and how they will be managed. Clear timelines help keep the project on track and reduce the likelihood of unexpected delays.
4. Agree on a regular site walk schedule
Negotiate for regular onsite inspections throughout the build. This ensures that you can monitor progress, address any concerns early on, and make informed decisions. Agree on a schedule for these inspections and make sure your builder is open to accommodating them. Regular check-ins help keep the project aligned with your vision and prevent issues from escalating.
5. Onsite presence
Finally, clarify who will be overseeing the construction on-site and their level of accessibility. Knowing who’s in charge and how available they are for questions or concerns is crucial. This ensures that you have a point of contact for any issues that arise and can get prompt responses to your queries, making the entire process smoother and more manageable.
Negotiating these aspects of your build helps ensure a smoother process and a more successful outcome.
Thanks for reading, and catch you in the next post 😊
Annelyse
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Written by Annelyse, Building Contract Enthusiast, Project Manager, and founder of Build Together Project Management.
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