If you sign the agreement, and the building work started during the time when the quote was still valid, the builder can’t charge more for carrying out the work agreed between you. This is true even if it costs the builder more than they expected. The price can only change if the builder agrees this with you because there is a good reason, such as a need to do extra work based upon your request or due to change in situation.
- Past History - Always check the reputation of builder on ethical ground. Validate this with previous customers on how supportive the builder had been
- Fair Value - Bribe is a sin, but even if you have to do it, check the prevailing "market rate" and insist that the builder uses the influence to get it done cheaper
- Trusted Staff - Check if the builder has dedicated staff to deal with authorities, talk to the staff and build trust with the person. If you feel the right vibes, go ahead.
- Specifications - Insist on putting the specifications with brand names and features in agreement, this will safeguard you from overcharging for any changes in specification which you did not agree upon.
- Agreement - The agreement should detail various costs that you will need to bear for buying the house. This should include the cost for utilities like electricity, water, parking space, many kinds of taxes, and in some cases even registration charges. However, the builder may then levy extra charges for any of these.