NSW Owner Builder Home Warranty insurance scheme is an important part of the NSW government consumer protection strategy.
Owner Builder Warranty is designed to provide a safety net (added security measure) to the purchaser of an owner built home or residential construction.
Home Warranty is designed to protect the purchaser (not the Owner Builder), if and when the Owner Builder is unable or unwilling to fulfil their legal obligation to rectify any defective work in an event of death, disappearance or insolvency of contractor/builder/owner-builder.
A Home Warranty Inspection or Owner Builder Inspection is carried out as a final check of works completed by an owner builder as a requirement of home warranty insurance cover. The inspection is to ensure there are no incomplete works or major defects.
From 1 February 2012, home warranty insurance is required to be obtained where the contract price (or value of work) is over $20,000.
We carry out home warranty inspections / Owner Builder Inspections for bathroom renovations, kitchen renovations, additions, extensions, alterations, new homes, subdivisions, duplexes, dual occupancies, units and villa developments.
Once the inspection has been carried out, we compile a Home Warranty inspection report or Owner Builder Warranty Report for you to submit to your insurer.
Please remember if you are selling or intend to sell your property that you were the owner builder or if you have done any renovations or additions under an owner builder permit in the past 6 years. It is a legal requirement to obtain home warranty insurance prior to the sale of the property.
You can visit the warranty insurance fund website for more information.
K-Spec Building Consultants comply with the relevant Australian Standards, AS 4349.0 & AS 4349.1
It is important to note that Home Warranty Inspections are not the same as pre-purchase Building Inspections (see our Pre Purchase inspection)