Our Colour Board
As for contracts I went in to see Peter at Kurmond Homes last weeks and had my contracts and other paperwork fixed up due to a mistake with someone there sending me old documents. This was all fixed up in 5 minutes so I was glad to go in and just get it sorted. If you're having troubles, just head in there and get it fixed, he didn't mind at all.
I've now sent the fixed contracts off to our solicitor for comment and review. We're using Joe Grassi and Associates in Penrith as this guy is very well known for being an expert in property and building law. While I've noticed a few issues since reading the contracts he will be sure to pick up even more. Here are some notes I asked about.
- Excess Sand, gravel or Soil removal
- Any insurances or bonds (like what happens if they crack a footpath??) And the length of those insurances if the build takes longer. As in I don’t want to keep paying for anything like that over time. Are these included in this terminology?
- Refund of any insurance bonds that aren't used.
- Ensure all warranties, instruction manuals, serial numbers for all products installed in the house are provided by the builder.
- I’m concerned about rain days, I think if there’s a roof on and they’re working inside the house rain days should be looked at? I live around the corner so I’ll know. I think it should state only can be claimed before roof is put on.
- Should the contract state the warranty for the actual house?
- The contract of sale states no gas connection but the tender does.
We also have an appointment with the bank on Wednesday to start the ball rolling with the construction loan, as some of you know we lost a huge chunk of our building deposit due to our land being re valued at settlement. We now we have to see how the bank plays with that one.