D
dfmastin
Guest
What is the name of your state? AR
My builder informed me day before yesterday that our new home construction is going to cost $167000 instead of his contracted estimate of $142000. From what I understand there's not much I can do if his original efforts would be considered reasonable by community standards. At what point would his cost become unreasonable? I've trusted him so far, but don't see what recourse I have if his budget continues to climb. I've inspected all his draws and it does not appear any of his behaviors have been dishonest. Instead, it appears he drastically underestimated what the cost for our home would be. I believe I can scrape together enough money to finish, but my in-laws ask me what's to stop him from going another 25k over budget! Thanks for any advice, David Mastin
My builder informed me day before yesterday that our new home construction is going to cost $167000 instead of his contracted estimate of $142000. From what I understand there's not much I can do if his original efforts would be considered reasonable by community standards. At what point would his cost become unreasonable? I've trusted him so far, but don't see what recourse I have if his budget continues to climb. I've inspected all his draws and it does not appear any of his behaviors have been dishonest. Instead, it appears he drastically underestimated what the cost for our home would be. I believe I can scrape together enough money to finish, but my in-laws ask me what's to stop him from going another 25k over budget! Thanks for any advice, David Mastin