Building a home? Here are some tips on choosing the right builder for you!

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Some of the best information to assist you in selecting your builder can come from speaking to people who’ve dealt with them before. Also try asking any family and friends that have hired a builder to construct their home or renovate. Generally, they will easily tell you their stories, whether the experience was amazing or a nightmare.

  • Find the right kind of builder for your project

You’ve no doubt got some idea about the type and style of home you’re hoping to build, so it’s important to find a builder whose skills best align with your plans.

There are specialist builders for first-time buyer homes, mid-range project homes, top-end custom designs, and for the very high budget there are luxury builders.

There is little point approaching a first-home builder to build a custom home because their budget, repeat design and business model will most likely prevent them from being able to be competitive in a one-off build. Similarly, a high-end home builder will be less likely to build a small home where their margin is smaller than a more luxurious product.

 

Validity of your Builder  

Check that your builder is licensed, registered and insured. At a minimum, they should have Public Liability Insurance and Home Building Compensation (HBC), formerly known as Home Warranty Insurance (HWI).

 

Is everything included?

Read through your building contract to ensure it has everything you want and have asked for. The following items or works are commonly not included to save costs, so it’s important to clarify this before you sign the building contract:

  • Driveway
  • Garage door
  • Fencing and landscaping
  • Sufficient number of light fittings
  • Sufficient number of power and TV points
  • Window locks
  • Flyscreens
  • Roof insulation
  • Double termite protection (slab & frame)

 

It’s vital to get the right builder for your project who will deliver what you want, for the price you want, and with the level of service you need. FAA go through a vigorous process before beginning a partnership with any builder.

Our Specialists can help guide you in decision-making, explain unfamiliar terms and conditions, advise what to sign and when and make sure the choice of builder fits your brief.

Let us help take the stress away and call us on 07 5451 0022 to book your free consultation.

 

Important Disclaimer

The information in this article is general in nature and does not take into account your individual objectives, financial situation, or needs. It does not constitute personal financial, tax, investment, or credit advice.
Before making any salary packaging decisions:
  • Consult a registered tax agent for tax advice
  • Consult a licensed financial adviser for financial advice
  • Speak with your employer about your specific employment terms
FAA’s services:
  • General information and administration: Provided by FAA consultants
  • Financial advice: Provided by authorised representatives of Lifespan Financial Planning Pty Ltd (AFSL 229892)
  • Credit assistance (novated leasing): Provided by FAA Group under its Australian Credit Licence
While every effort is made to ensure accuracy, FAA makes no guarantees and accepts no responsibility for any loss arising from reliance on this content. Tax laws and salary packaging rules are subject to change.
John Hehir

John Hehir – Director

CEO and Director of FAA Group Australia. With more than 30 years of experience in financial services, John has helped over 20,000 Australians work towards their retirement goals through strategic financial guidance. His work spans residential property, investment property, and self-managed superannuation strategies, with more than $1 billion in assets guided under his leadership.

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