Home Building Contract Form

If you`re planning to build your own home, it`s important to have a solid contract in place with your chosen builder. A home building contract form outlines the terms and conditions of the agreement between you and your builder, and serves as a legal document that protects both parties.

Here are some key elements to include in a home building contract form:

1. Scope of work: This section should outline the specific work that the builder will be responsible for, including any design plans, site preparation, construction, and finishing work.

2. Payment terms: The payment schedule should be clearly defined in the contract, including the amount of each payment and when it is due. It`s also important to note if any payments are contingent on specific milestones being reached in the construction process.

3. Change orders: A change order is a written agreement to modify the original scope of work. This section should outline the process for requesting and approving change orders, as well as any additional costs associated with them.

4. Warranty and guarantees: The contract should outline the builder`s warranty and guarantees for the work, including any specific time frames for repairs or replacements.

5. Termination: It`s important to include a clause outlining the conditions under which either party can terminate the contract, as well as any penalties or fees associated with termination.

6. Permits and approvals: The contract should outline the responsibility for obtaining necessary permits and approvals, and any costs associated with them.

When drafting a home building contract form, it`s important to work with an experienced attorney to ensure that all legal requirements are met. Additionally, it`s important to ensure that the contract is written in clear and concise language that is easily understandable for both parties.

By having a solid home building contract in place, you can help ensure that your home building project is completed on time, within budget, and to your satisfaction.