6 Important Tips to Choose a Good Home Builder!

Home is one of the few places where you get a chance to enjoy complete peace of mind. Therefore, it is very important to get your home built properly. Thanks to the multitude of options present in the market, choosing a good home building firm is not as easy as you think. You need to exercise caution and above all understand your requirements before being able to convey them to the builder. In fact, choosing a good home builder is one of the most important processes when it comes to buying a new house.

For all those of you who are planning to invest in one, here are a few simple tips that can help you choose the right home builder even when you are running short of time.

1. Ask for the experience

The reputation of any builder is decided majorly by the type of projects handled by him. Therefore, while choosing a home builder, make sure that you invest ample amount of time studying the work that they have already done. Also, those builders who are hesitant to talk about their previous projects should be blacklisted.

2. Verify the credentials

Ideally, you should choose a home builder with the required license permitting him or her to handle projects. However, don’t fall for the claims that the builder makes. Instead do a little research on the market reputation and verify the credentials of the builder to ensure that everything is in order.

3. Don’t forget to talk to ex-customers!

As a prospective customer, home builders will be happy to let you interact with their previous customers. Nevertheless, you can also insist for the same. Interacting with past customers is important. After all, when past buyers are satisfied, it also adds more credibility and positive word of mouth in favour of the home builder.

4. Area of expertise

In cases when you are hiring the builder for complex projects, ensure that his or her area of expertise is in accordance to the demands of your project.

5. Ask for an estimate

Don’t choose your home builder blindly. Instead ask the guy to give you an approximate estimate of the charges to do the job. In fact, you can even ask for quotes from other builders and accordingly choose the option that best suits your budget.

6. Clarify the work to be done

Building or construction is an ambiguous term especially when you are talking about home development. Therefore, make sure that every job to be handled is specified in the contract prior to hiring his or her services.

Edmonton Home Builders Report the Signs of an Approaching Hot Market

Edmonton builders are reporting a increase in supply, which is welcomed as a shortage of new listings has caused a spike in home prices. Some existing Edmonton home prices across the region were up 13.6% in September from a year ago as supply was short in almost every region.

The existing-homes market is in short supply so we’ve gone from a buyers market to sellers says the report.

October housing starts for Edmonton new homes total region rose close to 55% during this same time period last year, according to figures released Monday by Canada Mortgage and Housing Corp.

Our housing market’s surprising turnaround is spreading to new-home construction because the market is responding to a supply shortage that has sent pricing soaring for existing homes. All this increase in building of new homes in the Edmonton

region will likely not be quick enough to help with the demand for new homes being pumped up by record low interest rates.

Despite this increase for Edmonton home builders, this new housing activity, the 4,560 starts recorded to date this year, are still behind construction in the first 10 months of 2008. Housing starts across Alberta’s seven largest cities totalled 2,179 homes in October alone, up 29.5 per cent from October 2008.

Edmonton home builders are on schedule to start building on 5,000 homes, 24% down from last year reported the 2009 Housing Market Outlook for the Edmonton census metropolitan area.

It was the best October since 2006 for single-detached homes. Edmonton home builders poured foundations for 598 homes in October, up 168%. So far this year, 2,844 single-detached homes were started, up 30 % from the qual period of last year..

Builders in Edmonton are now experiencing the fourth consecutive month that total housing starts have surpassed year-earlier levels.

Home-ownership costs are likely to rise in 2010 as mortgage rates have hit rock bottom and prices are set to rise, all reports say. A 2009 new single-detached home in Edmonton will be an average of $535,000, up 4.5 % from 2008. Reports are predicting that the average price will soften in 2010 by 2.8 per cent to $520,000 because of a “lagged effect” of when homes are priced and when they are completed.

In rentals, across the board vacancy rates across Greater Edmonton will continue to trend up this year. Landlords should see this change for the better in 2010, based on the economic conditions continuing to improve the report said.

Home Builder Marketing Tips

Searching for the right home can be a lengthy and stressful process. Buyers, builders and sales agents are often forced to deal with each other for weeks, sometimes months. It can be difficult for contractors and agents to set boundaries and maintain a beneficial working relationship, but it is imperative for the success of their business. Creating happy clients is the equivalent of free advertising; word of mouth is powerful publicity. Buyers who are fully satisfied at the end of the home search process are capable of generating a great deal of future business for builders and sales agents.

There are several approaches to referrals. They can happen naturally, as happy clients start spreading the word. In order for this to occur, builders must take an honest approach. Being straightforward with a potential buyer is the best way for a builder or sales agent to earn respect and trust. If there are problems with the home – or future trouble is anticipated, as in the case of new construction – the buyer has the right to this information. By attempting to conceal shortcomings, builders and agents run the risk of scaring off potential clients and referrals. Communication is key; the happier the client, the better the recommendation.

Meeting and managing the needs of buyers is imperative. A buyer who has a great experience with a builder or agent will forward every detail to family members, friends, co-workers and acquaintances. However, the same rule applies for a bad experience. Regardless of the events that take place or how challenging a buyer becomes, contractors and sales agents need to remain fixated on the power of referral. It does not take long for one outstanding company to become admired in a particular neighborhood and surrounding areas following one successful transaction.

Many builders and agents find it beneficial to implement a referral program. This provides buyers with incentive to spread positive information about the business or company. The motivation can include anything from a future discount to a cash bonus. Clients are very likely to refer their contractor or sales agent to others if it will result in an additional bonus. It is also a great way to keep buyers happy straight through to the end of the project and remind them that their opinions are valued.

With technology at the realm, there is no limit to the influence of online referrals. Several websites exist that encourage clients to leave feedback about a particular company, which can result in either positive or negative exposure. In any case, responses spread like wildfire. Thanks to the Internet, buyers are now able to recommend their builder or agent to complete strangers, creating not only a valuable reference to the world of home buying and building, but also a huge resource for referrals.

Every successful builder and agent flourishes for the same reason; they have worked hard to make a name for themselves and their efforts are appreciated and acknowledged by those involved in their projects. By creating a pleasurable experience for buyers, contractors and sales agents can reap the rewards for months and years to come. A happy buyer equals great response, and great response leads to great referrals.