Builders Warranty

Builders warranty is a guarantee to a home owner that the builder will complete the home in accordance with the building contract, and that the home will be free of defects.

Builders warranty provides peace of mind to home owners and financiers that they will not suffer in the event that the builder experiences financial or other reverses which might otherwise rebound on the home owner, or in the event that the construction of the home is defective.

Builders warranty is required by law to be provided by home builders in Australia, and recent events in New Zealand indicate that builders warranty or builders bonds will be required by law in the not too distant future.