The opportunity to build your own home is an exciting adventure – but it can also come with worry and uncertainty. The Master Builder Christchurch Guarantee, also known as the Master Builder Warranty, can be a great way to secure peace of mind and reassurance, ensuring that you are protected at every stage of the construction process. But just what is the Master Builder Guarantee, and how can it help? We took a closer look at all you need to know.
What Is a Master Builder Guarantee?
Put simply, the Master Builder Warranty is a 10-year guarantee designed to protect homeowners who are planning to build or renovate their own homes. The Guarantee will kick into action on the day it is signed and can cover you for all work undertaken not only during the renovation or building process but also for 10 years after the signed date.
Some of the main elements you can be covered for include:
Issues With Standards
If you find an issue with the expected standard of work carried out by a builder or with the standard of materials, you will be covered by the warranty.
Builder Cannot Complete The Job
The Guarantee also includes Loss of Deposit cover, which ensures that you are fully covered and protected if your builder cannot finish the job, resulting in you losing your deposit. In addition, Non-Completion cover will offer protection if your builder cannot complete the project, leaving you in a position where you need to pay more than the original quotation to complete the work.
It is important to note that there are things that will not be covered, and these include anything deemed to be outside the builder’s responsibility (such as items or services that were arranged and paid for by the homeowner rather than as part of the contract), or anything not connected to the home, such as a swimming pool or buildings that have been moved.
Is A Master Builders Guarantee Worth It?
When considering whether a Master Builders Guarantee is worth it, you need to weigh up the cost of the Guarantee – usually less than 1% of the build – against potential financial loss if your builder cannot complete the job or the job is not up to standard. Guarantees can be transferred to a new home owner if you sell the house – this can be a significant perk and could allow you to increase the asking price.
Here at Canterbury Builders, we pride ourselves on only offering the highest standards to our clients, and are highly skilled in all areas of home building and renovation – as well as offering you extra peace of mind thanks to the Master Builders Guarantee. Get in touch today, and see how we could turn your dream home into a reality.