When choosing luxury home builders to design and build your custom home there are a number of factors to take into consideration.
Obviously, if you have friends or relatives who have had a luxury home built they may well be able to recommend a company – or even recommend one to stay away from – so this may help you. However, if you don’t know anyone who has had the experience you should follow these guidelines.You need to choose a builder with a track record, not a new firm that started last week – however low their quote may be. Quite simply, if you are offered a ten year warranty you want to know that the builder is still going to be around in, say, eight years time if something goes wrong. Failing that, your warranty isn’t worth the paper it is written on.
The builder should have great contacts with architects, designers, and finance houses. You won’t necessarily expect the builder to directly employ, say, an architect, but he should have good contacts that he has worked closely with over the years.
Equally, he should be able to steer you in the direction of a lender who is used to the way he works and can provide a suitable mortgage. When you have a home custom built it is financed through a loan referred to as a progress draw. The finance house will release money at certain intervals to the builder as the work progresses. At the end you pay off the balance with a completion mortgage that you pay off like an ordinary mortgage.
The builder won’t necessarily directly employ all the labor, but should have a team of sub-contractors that he uses regularly for things like electrical work, plumbing and so on.
Good luxury home builders, such as Riverview Custom Homes will ensure that you have access at all times to senior employees and the directors of the company themselves when necessary.
It goes without saying that you should always be provided with references that you can check out personally. Established luxury home builders will have a list of references. If a company can only provide one or two, you may want to ask yourself why.