Understanding Your Home Construction Contract

    It’s always important to know what you’re buying. When you buy something at a store, you get the hands-on experience of seeing its size and how it looks, feels and works. You leave the store knowing exactly what you’ve bought.

    When you agree to pay for construction work, though, it’s up to you, your architect and your contractor to agree on what will be built. This can be difficult, because the “product” you’re talking about is something that’s never been built and doesn’t even exist yet except in everyone’s minds — and in documents.

    And it’s the latter that will make all the difference in understanding what you’re paying for. Typically, when you contract for residential construction work, the documents for plans, scope of work and specifications can help define the work to be done so that you can be sure what the finished project will look like and include. Understanding these documents will help you feel confident that you know what you’re buying.

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