The Building Contract is prepared once all design and specification requirements have been agreed upon and approved by you, as well as the price to build your new home or renovation requirements.
Jakobovski Homes uses the standard Housing Industry Association Limited (Tasmanian Region) Plain Language Tasmanian Domestic Building Contract – this contract satisfies all the legal requirements for both owner and builder. We walk you through this step-by-step, so that you understand it fully.
Key process milestones:
Prior to preparation of the contract documentation, you will need to provide evidence that your land has been registered with the Land Titles Office (LTO).
The Building Contract outlines the key dates and progress payments required throughout the building process. These milestones also correlate to the payments organised with your bank or lending institution.
A balance of 3% of the contract sum is payable on signing the contract.
Before any work on your dream home can begin, it is legally required to obtain building approval from your local Council. Depending on whether planning or development approval is also required, this process can sometimes take many weeks.
Once the construction of your dream home has started, Carl Jakobovski will oversee every stage of the process to ensure that your home is built by some of Tasmania’s best tradespeople.
On completion of the home and upon handover, all final monies due under the contract are required to be paid. Upon receipt of the final payment you are handed the keys to your new home!