Check your new home contract carefully -Don't get caught out!
When it comes to your building contract here are some useful pointers to help put your mind at ease.
Overall, make sure to understand at least the following sections of the contract:
Lastly, it sounds obvious but always keep a copy of the contract handy to refer to throughout your build.
Written By Samara Amadi
With contributions from Yovita Kwok, www.yovi.com.au
- Check your inclusion specification carefully that everything you want in your new home build is written down in there. Simply if it is not written down in your contract it means it is not going to be included. If you made a verbal agreement with your builder it must be written in your contract.
- Check that any agreements that you have with the salesperson are also written within the building contract.
- Try to avoid changes after contract signing. Changes after signing are usually costly, time consuming and increase the chances of mistakes.
Overall, make sure to understand at least the following sections of the contract:
- The contract sum - is it all correct?
- Timeline and the construction stages
- Progress payments
- Termite treatment conditions
- Documents priority list
- Variation Order
- Maintenance Defect Liability Period
Lastly, it sounds obvious but always keep a copy of the contract handy to refer to throughout your build.
Written By Samara Amadi
With contributions from Yovita Kwok, www.yovi.com.au
Joel Robinson
Joel Robinson is the Editor in Chief at iBuildNew, where he leads the editorial team and oversees the country's most comprehensive news coverage dedicated to the new home building industry. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia's evolving home building and construction landscape.
