Top Building Tip 1 – Get a Guaranteed Build Time

Top Building Tip 1 – Get a Guaranteed Build Time

Top Tip 1 – Guaranteed Build Time

Many builders will state a guaranteed build time, but there is a lot of interpretive privilege taken on by builders that can cost the consumer a huge amount of money. If you look back at our ‘Time Wasters’ blog, you will see just how costly this time can be.

What does ‘Build Time’ mean?

The interpretive privilege that a lot of builders take is in what they call ‘build time’. Here are the three most common interpretations that builders use to define build time;

  • From the first sod turned on site to the owner receiving the keys
  • From the first sod turned on site to practical completion
  • From slab down to practical completion

The only build time that matters!

The only one of the three definitions above that matter to you as the client is the first one; ‘From the first sod turned on site to the owner receiving the keys and moving in’. Here’s how much time could be added to the definitions:

  • No additional time added and the truest reflection of build time is from the first sod turned on site to the owner receiving the keys and moving in.
  • Potentially 2 months added from the first sod turned on site to practical completion -practical completion is great but between practical completion and you receiving your keys the house needs to go through the process of getting all the minor defects fixed and even though the items may be minor this period can add as much as two months to your build.
  • Potentially 3 months added from slab down to practical completion – the slab down is not the start of your home! You need to do all the site works and run all the services under your slab before the slab is poured. Practical completion is great but as described above there is still a defect process that needs to be undertaken.

If you haven’t read our blog post on what it costs you as the owner every week while you are building your home then you must read this. Once you read this blog post you will understand how you could be up for more than $10,000 if your build time runs over!

 

How to get a guaranteed build time

So, what do you do to avoid potentially wasting more then $10,000? The answer is to make sure you ask the following question in writing: ‘Can you please guarantee me that in my contract you will have a special condition that states, the build time will be ‘from the first sod turned on site to the owner receiving the keys’, and if the response is anything other then, ‘Yes we can put that in your contract’, then WALK AWAY AND FIND A BUILDER THAT WILL!

Final tip – ensure you do this at the quoting stage. Please be wary about hand over any money for any reason before you get the desired answer in writing.

Stroud Homes Guaranteed 16 Week Build Time

Step into your beautiful new Stroud Home sooner with our build time guarantee. Ours is fair dinkum, including time for you to review the home with an independent inspector. We can guarantee our build times because every Stroud Home is special, never part of a batch. Of course, if we do not meet our date, Stroud Homes will pay your rent to give you added assurance.

Your Local Builders
Jay Pozar
Jay Pozar

Find out about our Guaranteed Build Time!