Building a new home can be an exciting time, but it can also be quite stressful & costly at times. One of the best ways to reduce your financial stress and risk is through a fixed price agreement.

Fixed Price Agreements can offer many benefits that go beyond budget alone!

Cost Certainty & Budget Control

A fixed price agreement gives you full transparency to the overall cost of your build, without surprises and sudden unapproved price increases or changes.

Reduced Risk

Building a new home can come with its fair share of risk including labour shortages, time delays and material price increases. With a fixed price agreement, the weight of these risks is shifted to your builder, rather than weighing on your shoulders.

Avoidance of Disputes

A fixed price agreement means that the entire cost of your build is agreed upon prior to the commencement of works. This significantly reduces the risk of disputes over cost and budget as the build progresses.

Timely Completion

With a fixed price agreement in place, there will often be a timeline for completion within this also. This allows you to plan ahead and get ready for your new lifestyle!

Cosmetic

Cosmetic defects affect the appearance and finish of the build. Examples include a poor paint job or uneven surface.

In conclusion, a fixed price agreement offers numerous benefits when building a new home. It provides cost certainty, budget control, and reduces risk, making the homebuilding process smoother and more predictable. If you’re considering building a new home, a fixed price agreement could be the right choice for you.