I'm looking at building a home as a first time home owner in the next few years. One thing I'm wondering is how many headaches can I avoid if I just choose an expensive builder and not try to haggle or save a buck at every turn? I just want a 2-bedroom, 1,000 sq ft bungalow and am willing to pay 60-70% more than the average $/sqft in my city if they do a good job. I'd rather have a nice small place rather than a huge…
1) interview 5-6 contractors/builders; then, go look at 2-3 houses that they finished - you pick them, don't let them pick. Try to observe bad issues - here's a funny video about "snagging" [0].
2) pick one. Ask a lawyer to draw a contract and have them sign it. The lawyer should be experienced in construction contracts. A good contractor/builder will be comfortable signing a fair contract.
3) find a friend (architect, civil engineer) who will, for a modest amount, be your sounding board, and help you through the various phases of the project.