Simple Ways to Verify a Builder’s Reputation Online
Planning to buy your dream house? Owning a home is everyone’s dream. Especially, at the time of the recent pandemic when you are stuck at your home most of the time makes you want to enjoy this leisure time at your own dream house, even more! Buying a house is one of the most important decisions that you will be making in your life.
We simply cannot let your years of hard work and savings go down the drain just because you committed one small mistake of trusting the wrong builder, can we? There are many flats and villas for sale in Kerala that can help you make your dream of owning a home a reality.
That’s why we have prepared a list of the things you must go through thoroughly to check the competency and proficiency of the builder who’s going to build your ideal, perfect home for you!
Analyze ground reports:
The first and foremost step that you should take is to check out the company and builder’s profile. There is nothing that Google can’t find for you. Most of the companies these days have their official website on the internet. You might find customer forums, blogs, news reports, property sites, etc on the page.
Don’t just skim and scan but do a thorough reading of the terms and conditions as well as the core values of the company.
Gather opinions of the residents and past clients:
Although the internet tells you almost everything, it is still practical that you double-check about the company, the builder, and his associates by doing field research. Contact the customers, residents and gather feedback on the projects delivered by the company in the past.
By doing this, you will have a clear idea about whether the builder is punctual in getting the projects done in time, whether he can transition your vision into reality and whether his post-occupancy services are up to the mark.
You can also compare the current market price of the past projects by the builders with his competitor’s in the local area. This would tell you a lot about the credibility and standing of the builder.
Check track record:
A good builder will have a good track record. His track record will indicate his ability to execute his projects as well as his ability in maintaining legal and construction standards. An experienced and competent builder would have each and everything laid out for you, from the project approval to the actual construction process.
Ask for a detailed blueprint:
You should ask for all the documents relating to project approval such as title deed, fire approvals, land use, and encumbrance. You can also ask for a detailed blueprint from the builder including costs related to the first transfer, extra car parking, etc.
Membership with varied organizations:
A credible builder will plausibly be a member of self-regulatory official organizations such as the Confederation of Real Estate Developers Association of India (CREDAI), or the Builder’s Association of India (BAI). Builders under these organizations are abided by strict laws and regulations.
Any sign of unethical practice or loophole will end up in termination of the builder’s license or in extreme cases, the company might end up getting blacklisted. You can inspect whether the builder is ISO 9001:2008 audited and certified.
You can be assured that a builder meeting the International Organization for Standardization’s 9001:2008 certification criteria is extremely professional in his approach and the commitments are met at the time of possession.
Ratings and Awards:
There are many organizations like Leadership in Energy and Environmental Design (LEED), Indian Green Building Council (IGBC), Green Rating for Integrated Habitat Assessment (GRIHA) that rate builders based on certain criteria such as building’s resource consumption, waste generation, and overall ecological impact to within certain nationally acceptable limits, sustainability achievement, and leadership.
Builders whose projects are credited by these rating systems are reliable ones as their projects are thoroughly examined by these systems. In addition to this, you can also inspect award-winning builders and projects who will help you in weighing up and juxtapose various builders and analyzing them in terms of quality assurance, construction standard, and timely project completion.
Checking social media sites:
By checking social media sites, you will get a clearer picture of the builder’s relation with their clients and the quality of their client servicing. You can look for reviews by the clients, you can check out the comment section and look for their upcoming projects. Customer satisfaction indicates the builder’s standing in terms of commitment, punctuality, and quality.
The company’s online presence tells a lot about the organization.
The extent of operations:
The success and high standing status of a builder suggest the quality and standard of his work. Before trusting any builder, make sure that they have financial resources and aid to complete your project. Get hold of the company’s company balance sheet and cash flow statement. Make sure the company isn’t in a lot of debt.
Most of the listed company’s show their financial details on their company websites. If not, you can find out the details by contacting the concerned Registrars of Companies (ROC) office. The Ministry of Corporate Affairs’ website (Mca.gov.in/MCA21/) also has the details.
Verify Licenses, Warranties & Insurance:
Before buying a property from a builder, conduct a much more thorough investigation to ensure the builder is verified. You’ll need to cross-check with the builders to see if they have the necessary licenses to work in your nation, state, or city, or now you have more transparent technologies like the Internet to do research.
Secondly, ask the builder whether they can provide a written warranty to cover any repairs or other settlement that helps buyers could leverage throughout the warranty period. In addition, you should verify that the builder is covered by worker’s compensation and liability insurance in the event of an accident on the job.
Schedule a visit to completed and ongoing projects:
One of the best approaches to knowing a builder is to look at the previous works that the builder has performed earlier. Scrutinize their brochure and schedule a visit to one of their completed projects and possibly the ongoing construction projects as well.
Also good to speak with the clients for whom developers previously worked, which helps to learn more about work standards and manners of the reputed builder. Getting a clear idea of the quality of work and materials information about the construction through visiting ongoing projects of the real estate agents.
Finally, Choosing a builder with committed team members who deeply value the faith and support of their invaluable customers is very important. You can also find reputed builders in Kerala that align with your modern and convenient lifestyle, incorporated with the latest innovations, enhanced technologies, and upgraded materials to create the best!
If you’re a genuine home buyer then you should only choose a builder after checking their credentials, track record, and getting enough feedback on their previous projects from banks or home loan lenders. Before signing any agreements or contracts, make sure you obtain everything in writing from the builder (guarantees, papers, offers, etc.).
Keep in mind that you are the only person responsible for adhering to the contract once you have signed it.