Find the Builder With the Best Luxury Custom Homes Toronto Can Offer: Finding, Interviewing, and Hiring the Right One
So, you have decided that the time is right: you want to build your own home. The state of the housing market in Toronto makes this a more and more attractive option, considering the high prices and limited inventory. There are a number of decisions to make right away, including picking the right builder for your project.
From the outset, you should determine if you think a production home would make sense, or if you are more interested in luxury custom homes in Toronto. Which one you go with will depend on a number of factors.
Primarily, custom homes give you much more flexibility in terms of options and features you can have built in to your new home. You can usually commission your own set of home plans, and even select a separate architect and builder. Often, a custom home builder works on only a couple of projects at a time, depending on the size of their operations.
Meanwhile, production homes have several customization options, but are built from a pre-existing catalogue of plans that are approved within a given subdivision. Additionally, production home builders tend to be bigger, and will therefore be working on several different projects at once.
In addition to these differences, there are a few more to consider. Production homes often come in a package deal, where you can purchase the home and the land it will be built on at the same time. Meanwhile, those who build luxury custom homes in Toronto will often be able to pick their own lots, and then design a home that fits on the selected location.
Finding and Researching a Home Builder
If you opt for going with a luxury home builder instead of a production builder, you will want to take your time when it comes to selecting your builder as well, and do plenty of due diligence. Most good home builders belong to the relevant associations in a given area; in Toronto, that means the Building Industry and Land Development Association (BILD). There are also both the Ontario and the Canadian Home Builders’ Associations to look for. All of these associations can be utilized in your search, and can often provide you with the names and contact information for builders in your area.
In addition, you can ask for referrals from friends and family members. You should then carefully follow-up on references and research. Does the builder have enough experience with luxury custom homes in Toronto to tackle your project? A solid history is important to ensure you get a builder who is not likely to go out of business before your house is completed. Speaking of which, glancing through the public records and doing a background check is not a bad idea either, just to see if there is a trend in terms of lawsuits and past debt problems. This company is receiving a large amount of your money, so making sure they are trustworthy upfront is worthwhile. Have you ever done a background check on someone you were considering hiring for a large project? Do you think it is an appropriate step to take when looking for a potential home builder?
Interviewing a Home Builder
You can only really find out the answers to some questions by asking a builder directly. If your preliminary research was successful, you should be able to narrow down the list of prospective builders to a select handful that you can then interview directly.
While you should find out plenty about a builder’s experience from your own research, it does not hurt to ask the builder directly as well in order to corroborate the information you turned up. Ask how many luxury custom homes in Toronto the builder has completed, and see if you can get a portfolio of addresses that you might be able to visit directly.
Aside from experience, you will also want to know about important things like insurance. Not only do you want to make sure your project is insured, you want to make sure the builder has certain liability and worker’s compensation insurance in place as well, as construction can sometimes be dangerous and injuries are not unheard of, even with careful builders.
You should also make sure that the builder’s style matches what you want. If the builder tends to focus on ranch-style homes, but you have two floor house plans Toronto, then you may want to reconsider. There are a number of different potential styles for luxury custom homes in Toronto, and chances are you can find a builder who suits your tastes. Have you ever driven around the Toronto area to look at houses? Which builders impressed you the most?
Hiring a Home Builder
Once you have settled on a particular builder, it is time to start negotiating terms and settling on the scope of your project. Here are some factors to consider when ironing out the details:
1) Beginning and ending dates. Most construction projects experience some form of delay at some point, from weather issues to problems with suppliers. However, you should be able to get a rough idea of when your project will start and when you can expect to move in. You may even negotiate a penalty clause if the project experiences significant delays.
2) Payments. Typically, you will pay in installments as the work is completed. Try to set up a payment schedule that you feel comfortable with, and keep in mind that you want the builder to have some incentive to come back and fix any snags after the job is finished, so a retainer due a few months later may be desirable.
3) Progress and meetings. You will want to make regular visits so you can see how your home is progressing. It is a good idea to set up periodic meetings so the builder can show you want kind of progress is being made and explain any changes or issues that may arise throughout the building process.
Building luxury custom homes in Toronto can be highly satisfying and rewarding, but finding a good builder is essential, otherwise you may experience problems and delays and end up wasting large sums of money to fix poorly done work. Have you ever had a luxury home built? What was your experience like?