Family Homes | Welcome Home

Family Homes wants to help you build your custom home. Whether this is your first home, dream home, or retirement home, we will work with you in a number of ways to help you build your home. These include:

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In a Manager/Supervisor Construction Contract, it is intended that the owner be his own "General Contractor", and that the Manager provide the Owner with expert guidance, advice, supervision, and coordination of trades and material delivery. Owner shall contract directly with subcontractors, and obtain from them their certificates of insurance and releases of liens. Similarly, Owner will open his own accounts with material suppliers and be billed and pay directly for materials supplied. In turn, the Manager has full responsibility for coordination of trades; ordering materials and scheduling of work; correction of errors and conflicts, if any, in the work, materials or plans; compliance with applicable codes; judgement as to the adequacy of trades' work to meet standards specified; together with any other function that might reasonably be expected in order to provide Owner with a single source of responsibility for supervision and coordination of work. In return, the owner agrees to pay Manager a minimum fee for the work performed. This is broken down into smaller payments fulfilled as construction progresses. These include: down payment, framed, roof on, ready for drywall, trimmed out, final.

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In a Cost Plus Fee Contract, the Contractor agrees to construct a residence according to the plans and specifications identified. The Owner shall pay Contractor cost of construction and a fee specified by Contractor. The Owner shall secure financing for construction in the amount of cost plus fee, which shall be disbursed by a savings and loan or bank from time to time as construction progresses. Owner authorizes Contrator to submit a request for draws under such loan up to the percentage completion of construction and to accept draws in partial payment. In addition, it is understood that the Contractor's fee shall be paid in installments by the savings and loan or bank at the time of and as part of each construction draw as a percentage of completion, so that the entire fee shall be paid at or before the final construction draw.

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In a Contract Bid, the Contactor agrees to construct a residence on the Owner's lot according the specified plans. The Owner shall pay a flat fee to the Contractor for construction. The Owner will secure financing for the construction, which loan shall be disbursed from time to time as construction progresses. Owner authorizes Contrator to submit a request for draws under such loan up to the percentage completion of construction and to accept draws in partial payment.