With the HomeBuilder grant available until December 31st, 2020, more and more Australians are choosing to build a new home – but anyone who has ever undertaken a renovation or building project or has known someone who has will know how hard it can be to find a great builder.
Given that the success of your build is dependent on your builder, it’s important to choose the right one.
We recommend that our clients consider using a builder broker when undertaken any major building or renovation projects. It doesn’t cost anything and can turn a disaster outcome into a dream.
What is a builder broker?
Similar to a mortgage broker, a builder broker does most of the work for you, comparing different options and presenting you with the best. Their goal is to mitigate as much risk as possible so you can find a builder that you can trust and that is the right fit for your building needs.
Builder Finders is Australia’s leading builder broker and recommended by Sanford Finance. Their builder brokers have a panel of pre-vetted builders that you can then review and compare to choose the right builder for your project. There are no fees associated with using a builder broker. Instead, Builder Finders are paid through a commission from the builder.
How does a builder broker vet builders?
A builder broker will undertake a thorough due diligence process including checking if the builder is licensed and insured, checking testimonials and speaking with former customers and suppliers. They will look at the quality of past projects and whether there were any issues. They will make sure the builder hasn’t been involved in phoenixing behaviour or has any debt issues by checking their credit reports and ASIC information.
Once the builder has been vetted, a builder broker will make sure the builder is the right fit for the particular project requirements, including having worked on similar projects before.
Is a builder broker right for me?
If you want to avoid cost and time blow outs or quality issues with your building project, but don’t have the time to undertake your own due diligence, a builder broker will help.
The goal of Builder Finders is to mitigate as much risk as possible so you can find a builder that you can trust and who is the right fit for your building needs.
How to loans work when building?
Home loans don’t come in a one size fits all package. From bridging and construction loans to interest only and variable home loans, there are a wide variety of loan types available.
It’s important that you find a home loan that works for you and that’s why we take the time to understand your individual needs, tailor a loan specifically for your situation and then support you throughout the process.