THE REAL ESTATE TAKEOFF
Join us as we uncover the significance of selecting a reputable builder who possesses the necessary credentials to satisfy bank underwriting requirements. We discuss the implications of entrusting your project to the cheapest builder, who may not be capable of delivering the performance required for loan approval.
Discover the essential role of a performance bond and how it safeguards your investment. We unravel the complexities of ensuring that the contractor can complete the project successfully or, if necessary, how the performance bond steps in to facilitate its completion. Learn how this process safeguards your interests and maintains accountability through meticulous inspections and the involvement of other capable companies.
Throughout the podcast, we shed light on the importance of meeting minimum requirements and avoiding contractors who overpromise and underdeliver. Exploring the dangers of unrealistically low pricing, we question the quality and scope of work such offers entail. Does it include everything you need, such as kitchens and bathrooms, or does it merely provide a bare-bones structure?
Tune in to “Building From the Ground Up” to gain insights from industry experts, navigate the construction loan landscape, and understand how to select a builder who can deliver a high-quality product within a reasonable budget. Don’t compromise on your construction dreams – join us on this journey of knowledge and empowerment.
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