New Construction: Whats Important To Keep In Mind Regarding New Construction?
There are a host of special issues which must be considered when new construction is involved. I could probably write another manuscript just on this particular topic alone. The two biggest concerns from a purchaser’s stand point are that of price and timing. Sometimes, the price issue is easily enough dealt with by agreeing to accept a particular unit as the builder intends to build it. Timing, however, is quite another issue. While builders will generally give you their best estimate as to when a particular unit will be ready for occupancy, delays unfortunately are common. Some of these delays are caused by factors within the builder’s control, but other times there are factors which are beyond the builder’s control, such as weather, and labor and material shortages. Even if a unit or project is delivered on time and on budget, frequently there are several minor defects which need to be corrected prior to closing. The list of these defects is known as a “Punch List”. In conclusion, I
