We have been getting quotes from two log home builders and are ready to make a decision. Question: Who writes up the contract once you agree to the fixed cost budget?
Do we need to get a lawyer?
Time and material s a good way to build as long as there is a good trust between builder and owner, Also a good addition to a home construction contract is a deadline penelty, with inclusions for change orders etc. but if home isnt completed with a time frame he lose a % of his proffit, I have seen homes that were suppose to be done in 6 months and took 2 years to complete. this is not right, but when times get hard some people will take all work coming there way, abd they get under water pretty quick.
And yes it should be fun, but when your signing away your lite time savings or lifetime income, things get agitated esay.
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Yes i do agree about the bounus if completed, but be real this doesnt happen often, but it could be writen in,
But as a builder and a home designer and cost estimator. I see more over runs, and living in a small rural area we do have 30 builder with only 3500 full time home owner and it grows to about 15k in the summer, these builders will take on more than they can handle.
Highway workers have it built into there contract for early compeltion bonus, as a builder Tim you can add that in and i bet must will love to see it.