Steps you can take to minimise your risks when selecting a home builder – ABC News
Selecting a builder who will be around to finish the job can feel like a daunting, if not impossible, task.
Roughly six construction companies a day are collapsing, according to the latest data from the Australian Securities and Investment Commission (ASIC).
No builder is immune, with giants like Probuild and Condev meeting the same fate as scores of local builders.
Plus, there are some that rack up debt before liquidating, leaving customers out of pocket.
So it’s hardly surprising that consumers are growing increasingly hesitant to build, at a time when Australia is crying out for more homes.
Here’s some steps you can take to help identify the risky players – they’re not flawless, but they are (mostly) free.
Read reviews … but with caution
Reviews, especially if there are many, can give a good indication of the quality of the builder, but bear in mind there have been cases where unhappy customers have been threatened with legal action if they don’t remove their negative comments.
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