Why Large Deposits Put Customers at Risk

I’ve taken over more projects than I care to count from builders who took $50,000 deposits and vanished, leaving families with nothing but empty wallets and holes in the ground. It’s a tragedy I see way too often. Families who trusted in big promises find themselves in financial turmoil when a builder skips town after pocketing a hefty deposit.

At S. Clements Homes, we do things differently. Our approach is straightforward: you don’t pay until the work is done. After we’ve poured the foundation and the lumber is delivered, that’s when the first draw occurs. This means you’re only paying for the work that’s already been completed, not gambling on what might be done in the future. Builder demands for large upfront deposits indicate either cash flow problems or a potential plan to disappear with your money.

Payment after work isn’t just a policy for us; it’s basic fairness. It ensures that you’re protected and getting what you pay for. If you’ve been worried about a builder’s payment terms, give me a call at (469) 853-7952. We can discuss a payment schedule that truly safeguards your investment and peace of mind.