Stroud Homes Tamworth Fixed Price Contract
Building a new home is exciting, but it’s also one of the most costly decisions you will ever make. Therefore, it’s important to be able to budget for as much as you can before the build commences.
A fixed price contract is an agreement between the builder and a client in which the price will remain the same right through to the end of the project.
At Stroud Homes Tamworth, 100% fixed price quotes are guaranteed when you build your new home. Tamworth owner and builder Peter Verrier further explains Fixed Price Contracts and the processes around it.
Peter Verrier with happy customer Anne
The preliminary process involves a few steps that we take to ensure that we can provide a fixed price:
All of the above Preliminary items are required by banks and financial institutions to finalise approval.
We certainly are! We are honest and upfront with all costs that are associated with the build. PC Sum is an amount of money included in the contract to cover work or/and materials that have not been specifically detailed by the builder when providing the contract price.
Basically an estimated amount is included in the contract and is subject to change and most likely increases the price. At Stroud Homes Tamworth, we take the time to do our pricing correctly and ensure that everything that will be required for the build is included.
Unlike other builders, we don’t under price with the intent to increase it later, we give in-depth quotations. We encourage you to read through your building contract thoroughly and question any unknown prices or PC sums/items.
Any builder who is unwilling to take the time to get all of the information and pricing required may increase your pricing later. We would advise strongly against using a builder who takes this approach.
The only way that the price can change is if YOU upgrade something from the standard, or if YOU change something during the build.
Of course! Changes or variations can be made during the build as stated in the contract.
However, it is important to know that these changes can be costly and we make every effort to get things right before starting the build.
A modified Montego home design coming together
Yes they can! We carry out extensive testing – we don’t guess and then add on the cost later.
We take the time to get it right during the preliminary period so that we can keep your budget on track.
Siteworks are all individual, based on the land you are planning to build your house on and the costs associated with siteworks can vary significantly.
In fact, it is not uncommon for a sloped block to need $50,000 more in siteworks than a flatter block. Imagine finding out you need to pay an extra $50,000 AFTER you have signed your contract!
NO! A Preliminary Agreement is just that, preliminary. It just allows us to be able to carry out the preliminary tests and do our research in the initial stages so we can fit your budget and avoid any nasty surprises during the build.
If your circumstances change, all test results are yours to keep. At Stroud Homes Tamworth we believe what you see is what you get!
We have a fixed price contract so that there is no opportunity to increase the price at your expense. The paperwork is easy to read and understand so you can be confident you know exactly what you will be paying.