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| 6 Jun 2013 Shared Equity Scheme
A shared equity arrangement is where two or more parties agree to co-purchase an asset, and share in any capital appreciation of that asset over time. The parties may agree on a 70/30 ownership or any other shared arrangement. The parties need to consider whether recurring expenses such as stamp duty rates and taxes and […]
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| 6 Jun 2013 Site Works and Contracts
Site costs can be a difficult element of a building contract. In most situations, builders will not specify an exact amount for site works, but will nominate a “provisional sum” or best estimate which may be adjusted up or down depending on work actually required. Under the Home Building Contracts Act a builder cannot just […]
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| 6 Jun 2013 Swimming Pool Construction
Swimming pools are extremely popular and come within the definition of “home building work” in the Home Building Contracts Act (1991). This legislation covers issues such as maximum deposit payable (6½ per cent of contract value), progress claim payments and so on. There are several construction issues to consider. When a swimming pool is constructed […]
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| 6 Jun 2013 Smoke Alarms
Smoke Alarms – Are they all the same? Hard-wired smoke alarms (installed by a licensed electrical contractor to mains power) are compulsory in all new homes and new leases for rental properties since October 2009. They are required to be installed on the sale of an existing home if not already provided. They are a […]
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| 6 Jun 2013 Roof Frames
Both timber and steel are used in roofs. Each material has advantages and disadvantages. Supporters of steel roofs (which are being used nowadays by a number of major builders) argue that it is more environmentally friendly, fire safe and termite proof. However the timber industry rejects these arguments, stressing the high level of embodied energy […]
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| 6 Jun 2013 Indoor Air
Home owners are starting to pay a lot more attention to indoor air quality when selecting building products. This is particularly the case where children, elderly, or sick are involved, as they are more vulnerable to toxins. It has been estimated that we spend 90% of our lives indoors, so it is no wonder that […]
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| 6 Jun 2013 Landscape Contractors
With the garden designed you are now ready for the service of an experienced and qualified landscape contractor. Contractors will implement your garden design, taking care of the earthworks, contouring, soil improvement, paving, building pergolas, retaining walls, installing water features, lighting, drainage, reticulation and stonework. They will also select and plant the trees and shrubs […]
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| 6 Jun 2013 Legal Aspects of Home Purchase
Normally a buyer first comes into contact with the property through a real-estate agent. Remember that the agent works for the seller, not for the buyer, and that the seller pays the agent’s fees or commission for negotiating the sale. This means that the agent’s obligations are primarily owed to the seller, not to the […]
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| 6 Jun 2013 Lighting
Lighting can transform your new house into a home. Early planning about your lighting requirements can save a costly and inconvenient retrofit at a later stage. As part of this planning process you will need to decide about the type of lighting you require. This decision is more than thinking about whether you want downlights, […]
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| 6 Jun 2013 Liquidated Damages
A liquidated damages (LD) clause is common in many building contracts for commercial or institutional buildings, but less common in residential contracts. Liquidated damages are an amount which the builder agrees to pay to the homeowner for late completion of the project. This is usually an amount per day or per week. Liquidated damages are […]