What is the PSA and what to know about it

What it is
What it does
How it works

How to Prepare for Your First Meeting with a Project Builder

Meeting with a project builder for your home construction is a crucial step. It’s essential to go into this meeting well-prepared, with a clear understanding of your project requirements and expectations. Here are key points and questions to consider:

  1. Understanding the Preliminary Service Agreement (PSA): The PSA outlines what services the builder will provide and the associated costs. Before signing, make sure you understand each clause. What does the PSA typically include, and how does it impact your project’s timeline and budget?
  2. Site Information and Initial Estimates: Learn the importance of providing detailed site information and how it influences the initial cost estimates. What details should you absolutely not overlook?
  3. Design and Specification Requirements: Clearly communicating your design preferences and requirements is vital. How specific should you be about materials and finishes at this early stage?
  4. Site Inspection Insights: A site inspection can unearth potential issues that might affect the build. What are common red flags during site inspections that you should be aware of?
  5. Cost Adjustments and Final Agreements: Costs can change based on project details. How should you handle adjustments to the agreement as the project scope becomes clearer?
  6. Communication and Documentation: Ensuring clear communication and proper documentation throughout the building process is essential. What best practices should you follow to keep everything on track?

Discuss your experiences or concerns about meeting with a project builder. What additional tips can you share about navigating the initial phases of a home construction project?

Feel free to add your thoughts, experiences, or any additional questions you might have about the process!

Read the full article for more detailed information on preparing for your meeting with a project builder