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TIP #5 Check out the Builder

check-out-the-builder

 

Bad news travels fast so a bad experiences with a builder are pretty easy to discover.

  • Consider walking the community and asking prospective neighbors about their experience with the builder.
  • Check public records online to determine if there have been or are lawsuits pending against the builder.
  • Find out if the builder sells to investors.  Some builders require that the buyer occupy the property while others will sell multiple homes to investors at a lower margin.  Typically tenants do not maintain properties in the same way that homeowners do so knowing if your neighbors are likely to be owners or tenants may be important.