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How Can You Protect Yourself When Building Or Buying A Luxury Home?

Purchasing or building a high-end, luxury home can be an enjoyable and exciting experience. But sometimes months - or even years - down the road, problems may arise. A leaky roof or windows, water in the basement, or cracks in the foundation may suddenly become an issue.

Many times, those issues are due to a construction defect.

Construction defects come in many forms, and can lead to even more serious problems. For example:

  • Improper grading can lead to water intrusion into your home, which in turn could lead to the development of mold - and serious health problems.
  • Inferior workmanship can lead to cracks and issues with the foundation, which can cost tens of thousands of dollars to correct.
  • An improperly vented roof can lead to roof rot - again, a major repair costing thousands of dollars.

How can you protect yourself when purchasing a home?

The most important step you can take before purchasing a home is to hire an experienced and qualified home inspector. An inspector can spot issues and potential problems that the average homeowner would not.

Real estate attorneys frequently work with home inspectors, and can connect you with one that is qualified to do the job.

How can you protect yourself when building a home?

If you are building a new home, here are some steps you can take to protect yourself before construction even begins.

  • Check for pending litigation against the homebuilder. If you're not sure how to do this, a real estate attorney can help.
  • Have a real estate attorney review all contracts. Making sure that a contract is properly worded and includes all appropriate information can be a lifesaver if issues arise down the road.
  • Have a real estate attorney review warranties. One would think that a warranty would cover the cost of any necessary repairs, but that's not always the case. Depending on the severity of the repair, a warranty may cover only a fraction of the repair cost.

When it comes to such a large and important purchase, it really does pay to protect yourself. Hiring the appropriate professionals to handle inspections and review documents can help protect you and your family for years to come.

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