Everybody in today’s era is working hard to provide his family food and shelter. More the hard work, better is the standard of living and so is the house you live in. But in the process of earning more money, one cannot give time to the most important thing he/she is earning for, and that is their home, and so they cannot participate in the construction of their homes. There comes the role of home building companies and general contractors. Clients get their dream home constructed from them and pay an amount more than the cost of the house which is their commission or profit. These provide an ease to the people and work on behalf of them and help getting constructed their dream home, and people also, to save their time and convenience agrees to pay the excess amount because somewhere or the other, they know that it is worth the money.
The nature of work is a little different of home building companies and general contractor. The home building companies help in the construction of the house, but they also provide flats in their apartment buildings whereas general contractor is hired to get their house constructed and all the burden of the process is looked after by them.
Home building companies are the legal business entities registered under the Companies Act, 1956, which help people to get their dream home at an affordable price. They provide two kinds of services-
With home building companies, there is a general contractor as well which provide assistance to the people in getting their dream home constructed without bearing any pain. All the things are managed by the contractor and in return, he charges an amount as his profit or wage for his hard work. Here, the contractor only constructs the house but the land is purchased by the customer only. The customer provides the authority to the general contractor to construct a house on their land and in return pays them for their hard work.
Due to the experience in the construction business, the home building companies and general contractor achieve expertise and also make contacts with the suppliers because of which they get a better quality of materials and that too at a very reasonable price, the price deal which a common person can never crack. Therefore, a lot of money is saved because of this. And hence the money which we pay in excess to them is compensated here and not much difference comes in the total cost of the house.
The profit earned by the home building companies and general contractor varies from one company or contractor to others. There are different ways in which they earn their profits.
Thus, it takes a lot of pain in building your dream home and a lot of time is also needed to be given, which is obviously not possible in today’s busy and working era. So, it is beneficial to get your dream home from home building companies and general contractor as the excessive amount you pay is much less than the time and effort you will put in getting your house constructed.