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“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. …
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 …
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 …
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 …
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 …
Why would you Owner Build? You are about to build a new home, renovate, extend? How to go about it? Appoint a Registered Builder? What about doing it yourself? This is the time to do your research, invest some money up front, to save at the end of the project by investing your building options. Why? To save money. Registered …
DANIEL BUTKOVICH ADVICE EDITOR Building a house is a massive financial undertaking, with the average cost of constructing a new home reaching $286,843, according to data from the Housing Industry Association. It should come as no surprise then that many prospective home builders are looking to slash up to one-third of the construction costs by managing the project themselves. Building a house …
What a beautiful owner builder home, it just shows how owner builders take the time & effort to make there house a home. Lucy Bladen 29 Nov 2017, 12:27 p.m. News An inspiring rural estate with rolling plains, flowing water and panoramic views has allowed owners Paul and Jacki Halliday to live in a state of rural bliss for …
Owner Builders Construction and Public Liability We all start off with the dream of how we ‘see’ our finished home looking. But if you do not use the right tools or buy the right insurance it could turn into the biggest nightmare of all time! QA Checklist Quality Assurance Checklist assists Owner Builders to: Better understand the building process and building …
While this article is written for homeowners ,it has a number of very important points that owner builders need to be aware of when dealing with tradesmen.The most important point for an owner builder is `Use contracts to protect yourself` & `sign off on variations` read on……… If you are about to enter into, or have already entered into, a …
