Earlier this year, Stonewood Homes went into liquidation with more than 100 homes in Christchurch under construction. This left customers uncertain as to when their builds will be completed.
Unlike a number of builders, Stonewood Homes offered Master Build Guarantees meaning that Registered Master Builders has assured customers that their builds will be completed. However, not all builders offer independent guarantees.
If you are contracting a builder who does not offer a guarantee, it’s important you do thorough research. In particular, you should negotiate:
When choosing a builder, the availability of an independent guarantee should be a major consideration. However, even if your builder does provide a guarantee, it’s important that you comply with the eligibility requirements as cover is not automatic.
Every build is different and is a significant undertaking for most people. If you’d like more advice on your prospective build, please be in touch with us.