When cheap is expensive!

When buying Owner Builder Insurance Everyone wants the cheapest price but in assuming all Owner Builder policies are the same will cost the Owner Builder in the event of a claim. And why else do you buy insurance – so in the event of a claim you will be compensated? Underwriter statistics show that (50%) of all Owner Builder claims …

Leaks, water damage can be major cost for apartment owners

Property Observer – Robert Caulfield Water leaks and water damage have been highlighted as a common and major maintenance issue for apartment buyers and owners, which can cost thousands of dollars to repair. Faulty workmanship, poor design or poor quality materials and ageing are the major factors in apartments or high rise buildings developing water leaks. Water leaks are one …

Who is responsible for insurance for Pre-existing property during House Renovation and Extension Building works

Article by Reef Coast Construction Just whose responsibility is it, to arrange insurance cover for pre-existing buildings and their contents, during House Renovation and Extension Building works? This is a question regularly posed by both builders and property owners alike and the answer is really quite simple; It is the responsibility of the property owner to effect and maintain insurance …

Safety – The Don’ts!

Article by Brightside We’ve put together a selection of 24 photographs which show that there is a kind of resourcefulness that only men seem to display. Women shouldn’t be jealous of this, however, for as you can see, it’s often characterised by a complete absence of the instinct for self-preservation. What would we do without these guys?   So, this …

Protection of adjoining properties

Article: Victoria Building Authority What have we found? The VBA’s Proactive Inspections Program has identified sites where excavation work has been completed without the required protection measures in place to protect adjoining properties from the effects of unstable site cuts, such as retaining walls/site batters. In many instances, these situations are identified a few months into the building process. Remember, …

Cladding!

Article from Insurance and Risk Insurance brokers have been warned that non-compliant, highly flammable cladding appears to have been used in buildings around the country – not just Victoria. The Victorian Building Authority last week revealed that of the 170 buildings audited as part of the their investigation, which was prompted by the Docklands Lacrosse apartment fire of November 2014, 51% were found to …

Does my builder have to insure my home when renovating?

Yes & No In New South Wales, for example, Clause 22 of the NSW builders contract clearly states that the builder is only required to insure the works HE does. Therefore you, the homeowner need to insure your Home & Contents. BuildSafe Renovators Home & Contents insurance is designed for homeowners who have engaged a registered builder to complete renovations …

Step 7: Your Role as the Project Manager

This is step 7 in a 10 step process uncovering whether Owner Building is right for you. Acting as the project manager for the construction of your own home sounds a lot more professional and difficult than it really is. This isn’t to say that it’s easy, but if you’re well organised and have even a pinch of management ability, …

Vacant Land Liability Guide

Do you own land? Arrange the right Insurance! If you own land, perhaps a block awaiting a house to be constructed it is possible that a person may enter it and hurt themselves. The law requires you as the owner, to keep the land safe and will hold you responsible for any injuries. This type of insurance is called ‘Vacant …

Owner Building Step 2 – Overcoming the Challenges of Owner Build Financing

This is step 2 in a 10 step process uncovering whether Owner Building is right for you. Every journey begins with a single step, and now that you’ve moved on from realising how possible it really is to be an owner builder it’s time to start thinking about financing. Overcoming obstacles in the owner build financing process comes down to …