Before you even think about hiring, there are some vital questions that you should ask your real estate developer. Even the best real estate developer in Tampa should be able to answer these questions. And if they can’t— well perhaps it’s best to keep looking.
A real estate developer will have your best interests at heart and won’t try to sell you on unnecessary add-ons for your new construction home. Working with a team of professionals to design your own home should be a fun experience as well as a solid investment. That’s why it’s important to properly vet and ask questions to your local developer to really understand the process and what they can do for you. After all, you want to be working with the best of the best.
Are you looking for the best real estate developer in Tampa? Call us today so that we can answer more of your questions about real estate development.
But first, here are ten questions to ask your real estate developer:
1. How Long Have You Been In Business?
While a startup team can still earn its name as the best real estate developer in Tampa, chances are they aren’t going to have as many resources. An established company will have a list of trustworthy vendors which will make building your new home a much faster and easier process. It’s important to ask your real estate developer about their background so that you can proceed to ask to see samples of their work. Ferncliff Inc. has over 100 years of combined real estate experience, so you know that you will be able to obtain some solid advice from our team of experts.
2. Do You Have A Portfolio?
A portfolio is must-have, as any of the best real estate developers in Tampa will be able to prove. For example, our website has a designated space for our portfolio so that you analyze the quality of our work right away. If you ask your real estate developer for their portfolio and they aren’t able to provide one, then chances are you are their first client or their new construction home clients have been less than satisfied with their work.
3. How Does A Real Estate Developer Organize Their Communication Systems?
Communication is crucial in the process of building a new construction home. Ask your real estate developer how they organize their internal communication systems. Considering they will have to effectively and consistently talk amongst contractors, designers, engineers, and act as the liaison for their clients, they should be able to answer this question immediately.
4. What Is Your Financial Situation?
They say not to judge a book by its cover, but you can actively estimate the success of a company based on their office space. The best real estate developers in Tampa aren’t working out of a studio office, after all. But rather than trying to surmise their success, flat out ask your real estate developer about their financial situation. Do they have the funds to get your project done in a timely manner? Do they have enough clients to support them financially? A lack of clients can also speak to the quality of the developer’s service, so asking this question is not only smart, it's necessary.
5. How Do We Start?
If you ask your real estate developer about the process for building a new construction home, they should be able to provide you with their standard procedures. Real estate development involves a multitude of steps, including handling finances, contacting designers and other tradesmen, handling contracts, and much more. If your agency can provide a designated way of handling things from the start, it’s a key indicator that they might be one of the best real estate developers in Tampa.
6. How Much Time Does It Take To Complete A Project?
Admittedly, each project will vary based on its complexity. However, if you can give a general idea of the type of home you are looking for, your real estate developer will be able to give their best estimate. If they have enough work history, they will be able to easily give you an answer as to how much time it takes to complete a project.
7. Who Designs The Home?
Generally, most real estate developers have their own network of professionals whom they work with on new construction homes. This may include an architect, a contractor, and a designer. Although you can to specially modify your home to your own needs and preferences, make sure to ask your real estate developer if they have an in-house or recommenced designer who can expertly craft your home’s concept.
8. Can I Customize My New Home?
If you have decided to work with a real estate developer, then customizing your new home is one of the many benefits it provides. Unlike traditionally home buying, new construction homes come with the option to work with a designer so that you can add all the fancy fixtures to your dream house. Ask your real estate developer what types of customizations you can indulge in when planning out your home.
9. What Are The Property Pros And Cons?
Part of the job of your real estate developer is to help you decide on the best options for your home and the property it sits on. If you are looking for a return on investment, they can tell you the pros and cons of the various lots you will be looking at so that you can choose the best one.
10. What Happens After The Home Is Built?
Ask your real estate developer what they do once your home is built. Even though the paint has dried and the driveway is cemented, a good real estate developer won’t end the relationship there. The best real estate developers in Tampa will keep in contact to make sure you are satisfied with your home.
If you have any further questions, contact Ferncliff Inc. and ask your real estate developer everything there is to know about new home construction.
