Browse Forums General Discussion Re: Home warranty - NSW 9Jun 23, 2020 10:01 am rebe3719 pgp82 hello everyone, I'm still in the process of going through quotes for my build. We are doing a first floor addition and renovation and the build cost is approx $300k. I have been told by some builders that the home warranty is closer to $10k. Is this correct? how do I know if this is correct? Thank you. Hi saw your post. I was surprised to read you are doing a first floor addition and renovation for $300k. We have a small house but none of the quotes have been under $500k. Would you mind sharing how big your project is and how you've approach builders?Did you get plans done first? Thanks Hi rebe3719, our build is not massive. Current house is a brick/veneer and we are adding a first floor including 2brms/lounge/bathroom about 74sqms. In terms of ground floor, we are renovating kitchen/bathroom/laundry/flooring. Additionally we are also doing ducted air to the whole house. Yes, we got our plans done through a drafting person who was really helpful in driving a design to cater our budget. Once the DA was approved, we then approached builders to get separate quotes. Some were hugely expensive but 80% would be about the same mark. Price also depends on what inclusions you want to add. In our case we did add a bit but all up is 300k for the project. I assume you need to allow at least 10% buffer in case for any unforeseen stuff. Feel free to PM me if you need any help. Also I should mention we are in NSW. Alternatively, you can sign a contract with pre-defined known amount you pay to the builder for management and warranties and then you just pay the invoices their provide… 2 5254 In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 3281 |