New and existing government measures are helping Victorians looking to enter the property market, particularly whose want to buy or build a new home.
The Federal Government’s HomeBuilder grant, The First Home Loan Deposit Scheme, stamp duty concessions and record low interest rates have created an abundance of opportunity.
The Federal Government is hoping to stimulate the building and construction industries with the HomeBuilder grant and stamp duty concessions, for those who intend to build a new home rather than buy an established property.
There are two ways to buy a new home – either off the plan through a property developer, or by having your home architect-designed and then built by a builder.
Buying a new home has many advantages – you can access a range of government incentives, you have more choice and freedom in the design of your home, you have more control over the quality of the finished dwelling, and you can incorporate elements into your home that are environmentally friendly.
Building inspections at each state of your home’s construction are crucial and may even be mandatory in order for your lender to release funds for builder progress payments.
Stage inspections at different milestones throughout the build process can bring to light a number of issues:
- Sub-standard workmanship or ‘cutting corners’
- Work which varies in both quality and scope from your building contract
- Non-compliance with building standards and health and safety considerations
- Work not finished to an agreed standard
You may be tempted to skip some of these inspections or go straight to handover (PCI) inspection just before the completion of your build.
While a final inspection is a critical step before you make the final payment to your builder, it is often at this stage that a thorough inspector will find issues that could (and should) have been picked up earlier in the build.
This can result in lengthy delays to the completion of your home, budget blow-outs, and possible disputes with your builder if there is disagreement on the issues involved.
Inspections should be completed at all stages of your build. We’ve listed each stage below and why it is important.
This stage is inspected before the concrete is poured. This enables the inspector to check that the workmanship is to an acceptable standard and that good quality control measures are in place.
At this stage, the frame has been completed and approved by the building surveyor.
At this stage, the roof coverings are fixed, external doors and windows are fixed, even if temporarily. Wall cladding may be only partly complete and will be inspected at future stages, depending on the build process.
At this stage, internal cladding, architraves, skirting, doors, sinks, cabinets and cupboards are now fixed into position.
Final Inspection (PCI)
This inspection occurs before the keys are handed over. Flooring, fixtures and fittings, sealing to wet areas, external treatments, paint finishes, hardware and plumbing is checked at this stage.
The Home Inspection Hub can arrange all staged new home constructions inspections, with a discount available if you book four or more inspections together. We also offer contract review, maintenance inspections, and stand-alone PCI inspections if you are ready to sign off on your new build.