When you are searching for a builder to build your dream home, what do you look for?
Do you look for a builder with proven experience and service?
Or do you look for the cheapest quote available? Maybe you are looking at choosing the builder who can build your home in the shortest amount of time?
Choose the cheapest builder, and there are going to be consequences!
In this industry, the builder who provides the lowest quote has either missed items out of the quote, or is so desperate for cash flow that they are cutting the margin to zero in order to pay off existing creditors with your money.
If you think a builder that makes mistakes or has cash flow issues is not your problem, think again…
When you deal with these types of builders, they only have one thing on their mind once they sign a contract… “I need to get out of this job as quickly as possible, and sign a decent contract where I can earn some money!”
…And that’s a real problem for you if you are hoping to get a quality home as well as the lowest price….
So in this article, we’re going to reveal exactly why you should NEVER choose the builder with the lowest price. It’s a safe bet that a builder who is desperate for cash will agree to everything you ask for in order to get you to sign a building contract. They will even drop their price just to get you to sign.
This is a massive red flag.
Residential construction is high risk and low margin, so if a builder agrees to reduce their price it normally means one of two things;
Either they were taking you for a ride in the first place in order to see how much extra they could get out of you, or they simply have no idea of their numbers and are only focused on getting some cash into their bank account in order to satisfy the list of creditors who are chasing them for money.
If you sign a contract with one of these builders, you will end up with substandard work, delays and in some cases, an unfinished home.
If you want a good outcome, you need to invest some time researching to find the RIGHT builder.
Learn more about Toby and Elizabeth’s Story. Highwater Homes are proud APB and HIA members.
