Do I Need Plans for My Project?

Whether you need plans for your project depends on its size and complexity. If your project requires council approval, then you will need to provide some form of drawn plans. For smaller projects that do not require such approvals, rough sketches or photographic inspiration may suffice to convey your concept.

Do I Need to Move Out of the House During Works?

This decision is influenced by the size and duration of the works. In most cases, you can remain in your home as long as it is safe and you have adequate access to essential facilities.

How Long Will the Project Take?

The timeline for your project will largely depend on its size and complexity. Keep in mind that quality workmanship takes time, regardless of how efficiently the project is executed.

How Many Quotes Should I Get for My Project?

Selecting the right builder involves considering various factors, not just the cost. Ensure that each quote is based on the same scope of works and inclusions, as this will significantly impact the overall cost. It is advisable to obtain quotes from 2-3 different builders. Ultimately, choose the builder who instills the most confidence in you. If cost is a critical factor, you might consider asking your preferred builder for potential adjustments in the scope of works that could lower the project cost, as even minor changes can result in substantial savings.

Equally consider that any changes made to the scope of works after the job has commenced can quickly add substantial costs.

What is the Difference Between Fixed Price and Cost-plus?

Fixed price and cost-plus billing methods greatly influence your building contract choice. A fixed price contract suits projects with a clear scope, offering budget certainty but limiting flexibility for changes. In contrast, cost-plus contracts provide greater flexibility, operating on a ‘do and charge’ model where actual costs plus a fee are billed. This allows for project adjustments but can result in unpredictable total costs and requires careful oversight. Each method has advantages and disadvantages, and the decision should depend on project specifics, including complexity, scope certainty, and desired flexibility. Careful consideration is crucial for making the right choice for your project.

What is HBCF Insurance and do I need it?

In NSW, any residential project valued over $20,000 is required by law to have a Home Building Compensation Fund (HBCF) Insurance policy taken out for the project. This insurance covers the home owner for circumstances in which the Builder is unable to complete the building works due to insolvency, death, or has their contractor license suspended for example. As an estimate, the insurance generally costs around 1.5% of the total project value.