Browse Forums General Discussion Re: New Home Owner Experience - not good 83Sep 19, 2006 8:39 am Interesting thread, thanks for digging it up burned.
I'd like to address a couple of things that you posted, however. Quote: Consumers do not know what they sign up for when entering a building contract. It is the responsibility of both the builder and the consumer to seek independent legal advice so that they DO understand what they sign up for. Quote: Refusing to pay a progress payment takes you straight to court. Only if you are in breach of the contract, ie. if the work as stated in the progress claim schedule is practically complete for that claim stage. Quote: You have no effective insurance either. It depends on how you define 'effective'. You effectively have insurance if: 1. Your builder becomes insolvent. 2. Your builder dies, or is otherwise physically unable to complete the works. 3. There is a major structural defect in the works. But I agree that the current insurance system is inadequate. Quote: My advice - buy a completed house and don't sign a building contact. Now there's a much bigger can of worms. Sorry but you have a crap builder. Probably too late now. For our last build I only spoke to builders who would allow me easy access (at no cost). I used my own sparky… 10 9837 I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from… 11 53225 Hi All, I have been dealing with icare for insurance in completing our house after our original builder went bust. We have gotten to tender stage and one of the companies… 0 20794 |