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The Role of Payment in Residential Building Contracts: Avoiding Disputes with Your Builder
Building a new home can be an exciting and rewarding experience, but it can also be fraught with challenges and disputes. Homeowners often face issues such as defective or incomplete work, delays, and variations in the work without proper consent or agreement. These issues can be stressful and costly, but understanding your legal rights and obligations as a homeowner can help you avoid disputes with your builder. This article will explore the role of payment in residential building contracts and how it can help you avoid disputes with your builder. We will discuss the Home Building Act and statutory warranties, as well as builders warranty insurance and the importance of ensuring your builder is properly insured. By understanding your statutory warranties and contractual rights, you can take steps to protect your investment and ensure a successful and stress-free building experience.