A Good Builder is one who doesn't have to build another house. What does this mean? Many home builders go out of business because they don't manage their money well. When a builder finishes a house, cash flow to pay the bills often comes from the next construction loan. This may seem harmless unless you are the last house they build when a banker says "No more money." If any sub-contractors don't get paid, they have the right to file liens against the property you just paid for! This really happens! Ask around.
Make sure you investigate your home builder and their financial standing. Certain loan types can help shield homebuyers from these dangers. Click here for more information on construction loans and Tulsa, OK area home builders.
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