I was consulting with someone needing my advice on house construction just today. We have been exchanging some e-mails already but basically, the house is already finished.. and nothing more we can do about it.. its just sad to know there are still some people getting bad advise and not getting their money's worth on the house they are building.
I would like to stress the importance of having your construction manager / consultant/ coach at the START of the project. Even way ahead of time. Starting the build right, before getting a contractor, before the contract is signed and before the loans are made, is removing many headaces that will arise from starting the build poorly.
Just a tip, some banks do not release the full loan amount outright. They release it depending on the accomplishment of the house. They do not want to risk that the whole loan can be just defaulted and not paid without the collateral of a partially built house. Some banks also do not relase a loan without a construction contract with a contractor.
What if at the begining, you already purchased materials that were supposed to be supplied by your contractor, how do you subtract them?
Do not be at the losing end of the contract just because you do not know better.
Start right , build right.
Emil M.
