select
|

How to avoid those renovation nightmares

Revamping an existing home is not only an expensive exercise but can be stressful too if things turn awry.

There are a few basics to consider before embarking on any building project.

  • Draw up a contract between yourself and any prospective service provider or supplier;
  • Choose your contractor or supplier carefully;

Head of portfolio management at IntegriSure, Lizette Erasmus, takes a look at each of these in more depth.

The contract

Drawing up a contract can be costly as it involves legal counsel, but the investment is worth it. Alternatively you can download the relevant contract from the National Home Builder Registration Council’s (NHBRC) website.
The contract should include clear timelines stipulating by when certain tasks must be completed. It should also explain exactly what building projects you have agreed on and when you as the consumer will be required to pay for work done. Be cautious of paying upfront in case of non-delivery.

The agreement should stipulate in detail what materials will be used during the renovation, for example, woodwork, bricks and tiles and what you are prepared to or can expect to pay for them.

The contractor

In this regard Erasmus says choosing a reputable building contractor is crucial to avoid extra insurance costs due to incomplete or faulty workmanship. It is up to you as the homeowner to ensure that the contractor has its own liability insurance in place: “It is critical that home owners ensure they are aware of the extent of their insurance cover before signing a contact with a builder, as they may not be covered in the event of poor or incomplete work done on their homes.”

Why this is so important is that as a homeowner your insurance might not cover abandoned or badly executed work and you might have to claim from the contractor’s liability insurance.

Asked how to go about choosing a contractor, Erasmus replied that referrals from other consumers were one way to go. “Get references. Speak to other consumers who made use of their services. Ask if you can inspect their work,” Erasmus said.

She added it was also important to check that they were registered with a professional body like the NHBRC. “Doing this will give you some recourse should their work be worrying. Also ask the contractor if they have the correct liability insurance in place and that this falls in line with the Consumer Protection Act,” she says.
It’s also important to remember that as a homeowner you have five years in which to seek recourse to report faulty or incomplete workmanship to the NHBRC.

The NHBRC website states: “The NHBRC warranty fund was established to cover consumers against major and defined structural defects for a period of up to five years. Enrolling your new home with the NHBRC is not only a statutory requirement but also affords consumers protection against contractors who deliver substandard design, workmanship and poor quality materials”.

(Moneyweb)?


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK