If you've never built a new custom home before, you may be overwhelmed at the thought of selecting a homebuilder. Since your home will likely be your largest investment, it's important that you ask the right questions to help guide your selection.

Following are questions you should ask of potential homebuilders to help you understand their company and the building process.

Any time you're buying a new home, there are lots of important questions you should ask. First-time homeowners often don't know what to ask, but even if you've owned a traditional home before you may not be aware of the idiosyncrasies of townhomes in particular.

Remember the old adage “if you don't ask the right questions, you won't get the right answers.” This is so true and, unfortunately, many townhome communities may not volunteer information if you don't ask about it specifically.

With that in mind, here are 16 questions to ask to help you make sure you don't make a decision that you'll regret: