Cheap affordable builders with a master build guarantee

Hey there,
We got our offer accepted, and are looking for a cheap and affordable builder that has the master build guarantee.

We want to pitch the land plus building to our banks for mortgage.

Any thoughts and advice would be deeply appreciated.

Thanks,
David

no such thing as a cheap and affordable builder! they are all unemployed!
Any bank will give advice on what they will lend, bearing in mind they are concentrating on securing the loan over an asset such as your completed house and you ability to repay it. I would just go and have a chat with the bank, taking with you the land valuation, details of services such as water etc and rough outline of what you want to build.

Where abouts are you? If you happen to be out west/north Auckland I'd highly recommend A1 homes (can't speak for any of the other franchises, but the guy we dealt with was awesome).

The Master build guarantee is not worth the bother. It guarantees less than you get through the Consumer Guarantees Act, which you have automatically.

Oh dear...

probably better to get your lawyer to create a contract for service, but the problem with builders is they change their company name every few years so they can't be sued. You are better off to have someone who knows a bit about building to keep an eye on the project. Hardest thing with builders is keeping them on the job. Keep in mind that they want to make a reasonable profit on top of their hourly rate. They will also keep the markup on building supplies, 10-15% and spend a lot of their time "shopping" if you let them.

New plymouth, Taranaki

David
From your original question what are you after and how much thought before you brought land.
Plans, Builders access to site?? ,water supply ??,septic tanks ??
For water tanks (at least2) plus septic system Inc pumps etc could set you back $75k.
Power to site $20k in pole and transformer needed say $30k
thats without any council charges and I can see why you said cheap builder.
If it went wrong all that money down drain also be dam careful with you ideas

When you do find a builder, make sure you take out insurance. Friend of mine had an accredited Lockwood homes builder and part way through the build he went broke and quit, leaving them in a homeless predicament. No help from the builders people, but luckily they had insurance, so eventually could put that to a new builder.

Always keep an amount back ( 10% ) subject to completion to your spec. Its very hard to get a builder back to finish the fiddly bits or to do repairs after they have been paid in full.

I can help, would you like to contact me directly. Richard@MDL.Kiwi

Cheers