Money Magazine Australia

WHAT TO WATCH OUT FOR

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Cheapest isn’t always best. Generally some builders have a monopoly on certain locations, but in most estates you have the flexibilit­y to choose from a number of builders. Check what the builder has done before to ensure they will be the best for your project. •

Check the design guidelines. Some developmen­ts and estates are strict about what you can have – you might want a flat roof instead of a pitched roof, for example. They are generally positive but can be restrictiv­e. If, for example, the developer insists all houses need to be brick veneer or double brick, make sure your builder can meet the guidelines, including cost. •

Is this a full turnkey contract? Turnkey means that once the house is built you don’t have to do anything else to it. It’s a complete package. A lot of builders might quote a good price, but you might have to do your own fencing, landscapin­g or driveway. When looking at terms and price, know what you’re paying for. •

Do you know exactly what you’re getting – if you’ve seen a display house with top-ofthe-range finishes, is that what you’ve agreed in your contract?

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