How Does a Master Builder Operate? Those of us who are fortunate enough to have the finances to build a dream home would source a master builder; a company that has all the resources to manage a project from start to finish. Such a builder would have some serious accreditations with builder federations to establish credibility and they would have a team of architects and surveyors, plus several teams of tradesmen who work to the highest standards.
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Most master builders would use a construction loan broker when they wish to acquire costly equipment such as trucks, excavators, and power tools. Hiring a heavy plant is normally a last resort, especially if the builder is busy and some brokers have working relationships with commercial lenders.
A master builder would offer the following services:
Simply put, whatever your ideas, the master builder can tailor their services to create the home of your dreams.
This is when the client works closely with the resident architect and a quote cannot be given until this stage is complete. A master builder would have a few design templates but is prepared to design from the ground up, should you want something unique.
Once a client approaches the builder, they would have several meetings and the data gathered would enable the builder to put forward a proposal. Once the proposal is agreed, an all-inclusive quotation is issued and when that is agreed, a contract is drawn up. Click here for details on how to manage your finances.
The contract would typically involve stage payments; the first would normally be due when the foundations are completed; the client would be invited to inspect the work before signing off the payment. A second payment would be made when the roof is completed and a third when fixtures and fittings have been installed, leaving a final payment to be made after the build. Before each payment, the client would inspect the site and the project should follow the agreed timeline.
It is normal for there to be a penalization for late completion, which would be calculated daily and paid by the builder on completion. We advise you to engage the services of a lawyer to scan the contract to ensure that everything is as agreed, before committing.
Many custom builders have working relationships with many tradespeople and typically subcontract projects; carpenters, plumbers, plasterers, and electricians are regularly contracted for private builds.
A master builder would issue a long warranty on both materials and labor, which is a reflection of their confidence in what they do. The construction industry in Australia is well-regulated by the government and every builder must comply with the many rules and regulations.
If you have a budget and are ready to get started, search online for a top-rated master builder and set the ball rolling.
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