WHAT TO DO IF YOUR BUILDER GOES BUST

A blade hanging over the heads of all self-builders, a nightmare, the end of days! Or is it? I don’t wish to downplay the seriousness of this scenario, but preparation, vigilance and calm are all low cost, high value ways to minimise the impact of this occurrence. Here’s how this translates into action:

PREPARE WELL

Before you appoint your builder or tradesperson, consider these precautions:

Choose your builder wisely — research not just the previous projects they have worked on, but also how long they have been in business, their turnover, and the number of projects they currently have. You are looking to ensure they have the experience, supply chain and robust financial resources to manage your project.

Be wary if your builder is a lot cheaper than the competition. This can often indicate that they are