Home renovations blog: Don't choose the wrong builder

By the resi financial blog team, 10 December 2014

Home renovations blog: Don't choose the wrong builder

There are plenty of things to do when completing a renovation, whether big or small. But how about things you shouldn't do? There are plenty of those too! Choosing the wrong builder is right up there with the worst of them.

One of the most expensive mistakes you can make is putting your trust - and your home - in the hands of someone who won't do the best job possible. Easy ways to make this mistake are:

Getting your builder mate to do it in his spare time

Your project will never get done in a reasonable timeframe. If your friend has committed to helping you a couple nights after work on the odd weekend, this might work for building a small deck. But if you are gutting and refitting an entire room, you need many more man hours in a much shorter period of time.

Hiring the first builder you talk to 

Like every other profession out there, there are good and bad builders to choose from. The first person you speak to may be very nice to have a chat with, but they may not be the best person for the job. Interview a few candidates, get quotes and times for completion and compare the responses.

Taking the cheapest quote

Although affordability is certainly an important consideration, cheap is always cheap. If a builder quotes you significantly less than others for the same job, have a look into the reasons why. Will they be using cheaper materials? Perhaps they are unqualified or uninsured?

Hiring a handyman that has knocked on your door 

There are many examples of builders or landscapers offering their services, taking sizeable deposits for materials and then not completing the job or doing it to a very unsatisfactory level. When choosing a builder, ask for proof of qualification and licencing. You can also check your local government's consumer or fair trading websites for information on dodgy builders.

Doing the job yourself 

Of course there are some aspects of a renovation you can do yourself, but if you are not experienced in this area, tackle the small jobs and leave the bigger ones for the professionals. Stripping wallpaper and laying linoleum are jobs the average home renovator could take on, but building a new door frame or rewiring a kitchen is best left to those that are qualified to do so.

When it comes to choosing the right home loan product for your renovation needs, there's an easy way to find the most suitable lending solution for your needs. Dropping into your local resi branch or talking to a resi loan specialist on the phone is one of the first steps to take on your journey to a successful home renovation project.

Categories: Home Loans