BR: Look for owners or condominiums, replacement allowances, administrative costs, etc. As a general rule, the owner keeps control of the association until they are ready to build and sell all the houses. You are also looking for special fees. Owners generally offer a variety of colors, patterns and options for many finishing products in your new home, such as flooring, countertops and cabinets. Many owners offer the services of experienced in-house designers to help you through this process. At the same time, you may be able to customize your home with additional upgrades and features. Depending on the architectural controls in the municipality, you can also choose for the exterior finish (for example.B. color and type of cladding, doors, garage treatment). The contract may set certain deadlines for your color selection to ensure the progress of the construction in a timely manner. For example, you may need to opt for the exterior finish before you can get a building permit. You may need to make your internal selection within a few weeks of signing the contract; This allows the owner to order at an early stage from the suppliers and can help ensure that the construction of your home is not lagging behind the schedule.
If this is not the case within a specified time frame, the owner reserves the right to choose the countervailing products on your behalf. In addition, the owner will provide you with manufacturers` warranties for the products used in the construction of your home. This does not mean that the owner assumes responsibility for these additional guarantees. Finally, learn more about the owner`s after-sales service policy. Most have a well-established process and delays for regular contacts and visits during your first year at home, as well as emergency services if you need them. Unlike resale transactions, there is no standard form of the purchase and sale agreement for the purchase of a new home. In some areas, contractors can adapt the standard contracts concluded by their local home building association or by their new home warranty provider. Often, however, the owners prepare their own agreements and require you to use these forms.
As a result, new home contracts can vary considerably from one contractor to another. Often the agreement begins with your offer to buy the house from the owner. Once you have signed the offer, it is binding on you, that is, you have accepted all the conditions. If your contractor accepts the offer and signs the contract, it becomes mandatory for both parties. If your contractor presents you with a contract, it is also an “offer to sell” that becomes legally binding on both parties as soon as you accept it. Before taking possession of your new home, your owner usually plans a time to spend with you through the house, usually about a week before closing. The goal is twofold: inspect the house for completion and show you how the systems work. If you go through the house from top to bottom, inside and from the outside, you are asked to notice a defect or defect. This written record, often referred to as a certificate of completion and/or possession, is forwarded to the owner`s guarantor. Most items are corrected or completed by the builder before entering or shortly after. “Seasonal defects” related to objects such as bridges and landscaping are generally corrected as soon as weather conditions permit.
Different contractors have different approaches in pre-delivery inspection.