Uncomfortable truth – Until an emergency happens – Bushfire – Owner Builders either underinsure or take the risk and NOT insure. It has been ‘scary’, not only the Bushfires but the number of Owner Builders who have rung, begging for cover for their home that is being built or renovated, in the fire zones of NSW and QLD. They had …
Latent Defects Insurance is the answer
“What insurance can you provide to protect me from future Structural Defects”? We have been asked this question many times over the past 30 years by Owner Builders Up till now – We could not help. Yes, as an Owner Builder you were totally reliant on the materials suppled being fit for purpose and the tradies doing a good job. …
Owner Builders Bundle and Save $250 on your Building Insurance
Stories abound of owner builders who took short cuts when it came to insurance when building and lived to rue the day!! For a start, if you under insure when buying Construction and Public Liability Insurance, you will only receive a portion of the payout you expect if you make a claim. If you sell your home and a Structural …
Owner-Builder vs Subbie: How to Effectively Resolve Building Disputes
A building dispute can be a stressful event for both the owner-builder and subbie. When it gets worse, it could be emotionally and financially draining for the parties. Solving your building disputes effectively will prevent your problems from escalating to the worst-case scenario- court trials. The sooner you get to resolve the existing conflict, the faster it takes to resume …
The Affordable Building Option
Owning a home has always been one of the primary Australian dreams. It seems like our passion for building and renovating increases more each day. Industry figures show that for renovating and extensions alone, the daily spend around the country exceeds $12 million. That means we are spending about $500,000 per hour, $8,300 per minute or $149 per second. Hard …
Wealth Creation: The Building options you have as an Owner Builder.
Property is still the best way of creating wealth. To maximise the investment return when building, will depend on the price you paid. E.g. the difference in price for a builder-built home and Owner building yourself. You have a number of options in ways to owner build, to suit your skill and confidence level, which are as follows: 1. Use …