Review the Purchase Agreement carefully before signing. Go through the contract with your builder, point by point. This helps eliminate errors or misunderstandings, and it is a great opportunity for you to ask questions. Here are some pointers for your contract review:
Building on your own the land – If you are entering into an agreement to build a home on your own land, there are some additional items that should be covered in the contract. The builder must have liability insurance and provide workers’ compensation insurance for workers on site; otherwise you run the risk of being responsible if something goes wrong or someone gets hurt. Ask to see proof of coverage.