Why It Is Important To Have A Written Building Contract?
Did you know that domestic renovations over $3,300 legally require a written building contract?
Have a read and expand your knowledge, as we cover the facts about Building Contractural Agreements.
What Is A Written Building Contract?
A contract is a legally binding document between your selected builder and you as a homeowner, and stipulates the legal rights and responsibilities of both parties.
Written building contacts are essential in Queensland for any domestic renovation works priced over $3,300.
Not only is a written building contract a legal obligation, but it is important as it keeps you and your builder accountable. This ensures you agree to the timeframes, costs and expectations for your work.
4 Benefits Associated With Building Contracts
Provides more certainty for both parties by providing clarity about the construction of your home and detailing what was agreed upon.
Helps eliminate obligations and rights throughout the building process/
Provides guidance bout elements such as, extensions if time, variations, dispute resolution and defects.
Gives you peace of mind and security ensuring all matters including cost, materials, building expectations and timeframes are dealt with before entering the contract.