Understanding Your New Home Construction Contract
Resolving culture and attention to detail issues on a new home construction contract could be useful. But, it is actually crucial for Telugu NRIs, and the wider Telugu community at large. We are accustomed to focusing on the details, but in foreign nations, what may seem obvious is not always the case. For example, if you are Telugu, especially if you are South Indian, you may choose to buy a new construction as opposed to a resale home. But, when you negotiate your comprehensive new home construction agreements with the Vendor/Builder the builder may not see it your way. If you have ever lived outside of India, you may have also faced this issue in international trade negotiations and contracts. Fortunately, there are always ways to work around their mistakes. But you are going to have to know about the mistakes to begin with.
Telugus are found all over the world and as such if you are building a new home the place where it is going to be built, which is probably some foreign nation you may or may not be familiar with is going to make a huge difference to your build process. You may or may not be able to influence the builder to change the contract by talking to them directly, but if there is a problem like a cracked wall or a tub leak often the next step is to get together with the other buyers/residents to ask the vendor to remedy the situation. In addition, most cultures are not as consensus based as ours. In addition, you are going to have to try to understand the local laws because Indian law and customs do not always apply. In fact they rarely do. Which makes a lawyer study of the contract in detail a necessity.
When a Telugu customer buys a new home from a builder, they often go in with some cultural expectation. Unfortunately, since sometimes they are speaking a different language, they have a level of uncertainty as to their recourse if and when things go wrong or they need a contract review later down the line. How are these issues resolved you might ask? The best thing to do is to advocate for yourself. Ask other Telugu buyers who are using the same management company to get on board with you on specifying things in the new home construction contract. Watch and understand your cultural issues, and try to be very specific about the things that you want when you want them, in the contract. This might include requests for feng shui approved homes, as well as specific designs for the home such as poojari rooms, or other elements that are important to you and your family.
In addition, it is good to employ someone who knows your language or the local language to review your new home construction contract in detail. A cultural emphasis is also going to help you navigate through your new home construction contract with the builder. For example, if you are Telugu, then you need to rigorously review the contracts for your new home. Do not sign any documents with your builder until you have thoroughly reviewed the parts of your new home construction contract that are in English or the local language. Otherwise, you might be signing your rights away.
When you are negotiating the terms with the builder, what these sections of the new home construction agreement mean, consider having someone review it alongside an international lawyer who can understand the finer aspects of the deal. If your NRI Status is also important to the build of the home, then you might also talk about who is paying for the home, and when. This may or may not come into play and it could be part of the legal strategy for how you approach the build. As we said before, these issues are going to vary depending on your circumstances. But, it is always better to be cautious and proactive.
If you want more information on more specific details that might be helpful for your new home construction contract you can check out this article. You should try to work with a lawyer who can help you to negotiate the terms of your new home contract, and who can review the document on your behalf. In addition, unfortunately, builders hold the right to alter the new home construction contract. This means that many things may happen during the build that may or may not be delivered that are more difficult to track. Most builders do not track their build unless there is a pre-determined inspection that is collected through a standard checklist template. Thus, they are seldom forced to address unexpected issues as they arise.
