BUILDING CONTRACTS – why they go up!
Ever questioned why the cost of your home has increased dramatically from your initial “ESTIMATE” to when you get to contract signing?
4 Important things to consider before choosing your builder;
1. The word Estimate means exactly that it’s a guesstimate more than likely your building contract will increase, what you need is a “Fixed Price Quote” prior to paying any money.
2. Provisional Sums: basically mean the price is not locked in it can go up or down however within the “Act” this should never go over the sum allowed.
3. No allowance – basically means the owner will be up for a charge (if applicable).
4. Selections – make sure you know what you have selected in each room of the house particularly wet areas.
Wants to speak to a builder where the estimate is the “Quote” therefore only genuine price increase like a change of product where there are no “Provisional Sums” or “No Allowances” in the quote and you know exactly what’s “Your Selection” are in your home.