Building your own home

Remove this Banner Ad

If that's the case, ie being covered if a builder goes insolvent, why are so many people caught up in sh*t storms of builders going under?

I know thats a simplistic question but it seems like insurance should cover it.

There's definitely insurance on the contract.
Insurance will cover you, there is a payout etc - not a field (claims) I specialise in but DBI covers the homeowner for exactly that.
 
the builder is required to have domestic building insurance and there should be details of this in your contact.

it covers you for $300k if the builder dies, disappears or becomes insolvent.
 
the builder is required to have domestic building insurance and there should be details of this in your contact.

it covers you for $300k if the builder dies, disappears or becomes insolvent.

Handy to know given I think current progress payments only amount to $150k
 

Log in to remove this ad.

Handy to know given I think current progress payments only amount to $150k

yep - should be covered but just a PITA dealing with the insurer and then engaging another builder etc.

hope it's just a supply chain issue and they get it fixed for you asap.

probably worth having a read of this:


and in particular this:

 
Is the supply shortage that bad or have they bitten off more than they chew and just can't physically get to your build? My estate there are heaps of homes going up and quick.

Hard to know the precise answer

Could be a number of things
..Supply of materials
..Cost of materials causing a delay due to fixed price contract
..Lack of workers in supply chain
..Taken on too many projects
 
I had no dramas with supply. Only problem i'm having is a neighbour not paying their share for the fence. My house was up a good 3 months before theirs so I had to fence the yard. Other 2 sides are all good and halved. These people wont pay up. Pissing me off
 
They haven't said no, they just haven't paid. When I spoke to them I had a feeling of "yeah what ever champ, on your bike" I got their email off them to send the invoice but nothing will happen.

Can you take them to VCAT over it?
 

(Log in to remove this ad.)

Unsure what that is ?

Sorry you may not be Victorian, so perhaps the equivalent of Victorian Civil and Administrative Tribunal.

I always thought it was an actual law for both parties to contribute to a fence and if so you can take them to this to have a member make an order to them to pay for their share

 
When my brother built his house (large 5x2 around 10 years ago) he was heavily involved (cabling, painting, landscaping etc). The builder was the big one in his town and he was constantly into the builder about the poor workmanship from the trades. The bricklayer (one old chap) did an awesome job though.

I will be going the owner builder route on my southwest block when I retire. Live in the shed whilst it is being done.
 

Remove this Banner Ad

Back
Top