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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 Survey Plans
A legal survey exists for all land (lots) in Western Australia. Survey plans are the official record of the legal boundaries of land and will usually indicate the dimensions and size of a lot. Three types of legal survey plans are available from the public register and copies can be purchased online from the Western Australian Land Information […]
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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 Storm Season – Simple Strategies
Simple strategies for the arrival of the storm season The official ‘storm season’ runs from May to October in southern WA. There is no substitute for preparation, and there is plenty that can be done to protect your home in advance. This can save you a lot of time, hassle cost in the long run if […]
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| 6 Jun 2013 Security: Your Home
There are a number of factors to consider when you want to make sure your new or existing home is as secure as possible. Below are a list of things to consider when you are trying to make your home as safe as possible. Let’s look at the house 1. Are there security screens […]
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| 6 Jun 2013 Solar Power System
The Solar Panels collect the sunlight and create energy. They are attached to the roof by high strength rails able to withstand wind, rain and hail. The energy flows through to the Inverter which converts the current from Dc to AC (to usable household power). A Bi-directional meter records the amount of power being […]
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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 […]