PGDMember@pgdJoin Date: 2010Post Count: 28
Performing renos as an owner builder I expect would reduce the cost of using a builder.
However, does the time limitations of being an owner builder (ie. cannot build again for another 6 years) kill this tactic?
MarioTrevMember@trevJoin Date: 2006Post Count: 39
The saving in not using a builder essentially comes from not paying the builder's profit margin. This could be offset by the saving in buying materials at trade prices (provided the builder passes on those savings) and in better financial control of subcontractor prices.
I'm not certain, but I think the 6 year rule that applies to owner-builder work is unique to WA. In other states that period is less. You need (as an owner-builder) to provide warranty insurance to the purchaser if selling your owner-built property within 6 years.
Personally I have never regretted using an experienced builder for a renovation or new house. Their expertise is worth paying for, and the job inevitably gets done faster than I could do it (and time means money).Scott No MatesParticipant@scott-no-matesJoin Date: 2005Post Count: 3,850
the ob restrictions vary between states, nsw is 6 yrs as well. the cost of doing ob & perceived savings are more often outweighed by the efficiencies of using a builder.
You may be able to reduce this timeframe restriction by having the other owner take up the ob licence.