Choose the right provider for Owner Builder Construction Insurance!

Selecting a company to supply you owner builder insurance is an important decision with heavy costs in time and money if you make the wrong choice. Before you select a company and insurer, make sure they can answer YES to these critical questions. Are your sub-contractors not excluded? Is the policy extendable up to 24 months? Do they have $20,000 in …

Why wouldn’t you Owner Build?

After reading this article about the ‘tricks’ builders are getting to why wouldn’t you owner build. Appoint a Project Manager and save the builders margin. Dodgy building materials Owner Builders need to be aware when purchasing building products in Qld that non confirming products brings new responsibilities, especially if they import the product directly. The expectations that this legislation will …

Building Contracts Important Things to Watch For!

A lesson for homeowners & ownerbuilders to check all contracts & sign off on variations.Plus check to see if the builder has Renovaters Home & Contents insurance to protect your existing home,renovation ,contents & public liability. If you are about to enter into, or have already entered into, a building contract in relation to a residential building, there are some …

Owner Builder Cashes Out!

If you are thinking of owner building,this is what you can achieve when you plan your project,buy at the best price & choose the right trades but most importantly manage the project to get the outcome you desire.And as a bonus you are adding to your wealth by saving the builders margin. KATRINA CREER, Hills Shire Times October 18, 2017  …

Defective Imported Building Products

What to watch for when building your home, read on! The increasing prevalence of leaky, toxic and downright dangerous buildings has put defective building products in the spotlight in Australia and New Zealand recently. Below-standard plasterboard, inflammable exterior cladding material, and problems with structural steel prone to failure are all creating liability concerns across the region. In Australia’s regions of …

Dodgy Building Materials

Owner Builders need to be aware when purchasing building products that non conforming products brings new responsibilities, especially if they import the product directly. The expectation that this legislation will extend to all states soon. Participants involved in the supply chain and installation of building products will soon face increased accountability and disciplinary action for the use of unsafe or …

What is Underinsurance and how could it effect you as an Owner Builder?

Owner Building is a fabulous way to improve family finances, by investing in your home without paying the 30+% Builders margin, it will set you up for future financial independence. This is not to say building your own home is easy, but depending on how you go about it, if you have experience or you use a project manager will …

Do your homework before signing a building contract

Owner builders do your homework before signing a building contract with your subbies,this recommendation is for all owner builders & homeowners as well. NSW Fair Trading is urging consumers to do their homework before signing a residential home-building contract, following complaints about builders demanding thousands of dollars in unexpected additional payments. “We are hearing from consumers who thought they had …

What is Home Warranty Insurance?

Can be called a number of different names, Residential Home Warranty, Home Indemnity, Home Owners Warranty, Domestic Building Insurance…. Whatever the phrase used, Home Warranty insurance is for the benefit of the purchaser. Whether the home/renovation/extension is built by an owner Builder or Builder. Depending on what state, the minimum cost of works is e.g VIC $16,000 above that amount …

Commercial Structural Defects Insurance

Poor developments on the rise!

A street pole that blocks garage access to a new house in suburban Adelaide is a “cracking example of very low-quality infill development”, a councillor has said. West Torrens councillor John Woodward said council approved a housing plan that split a block in Daly Street at Kurralta Park to allow two new dwellings, but the builder then changed the garage …