Value of a Third Party Guarantee

Building a house has greater risks than buying an existing home. You have begun paying for your home in advance, yet it has not even been started. You have no real control over the finished product, or if it will be finished at all!

NewBuild Plan™ acts as your professional project managers from start to finish – reducing hassle and risk.

Most third party guarantees will cover you for the areas of construction where you are at most risk:

  • Loss of deposit (up to certain limits) should your builder fail to start the project
  • Materials and workmanship while the home is being built
  • Non completion (getting a new builder in to finish the project)
  • Structural shortcomings
  • Dispute resolution services

The guarantee does not release the obligations of the original builder, and may only provide limited cover for various issues. Take time to understand how your third party guarantee will protect you. Guarantees are offered through both your Registered Master Builder and your Certified Builder.

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