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Article 72 of 74

Building your own home? Treat the building contract as a major project document.

A building contract should define scope, price, payment stages, variations, specifications, delays, inspections and dispute procedures.

PROPERTY INSIGHT 72 Building your own home? Treat the building contract as a major project document.

What to know

  • Use detailed plans and specifications that match the contract.
  • Do not approve major variations only by informal messaging.
  • Link progress payments to measurable completed work.
  • Keep certificates, plans, invoices, warranties and site records from day one.
Professional advice

This guidance is general information. Where legal, tax, structural, compliance or regulated-work consequences may apply, obtain advice from an appropriately qualified professional for your circumstances.

Important Information

The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.

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