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What is Owner Builder Warranty?
What is Owner Builder Warranty?
An Owner Builder Warranty is essential for anyone undertaking construction or renovation without a licensed builder. It ensures that future buyers are protected against defects or issues that may arise after the sale.
In states like NSW and VIC, obtaining an Owner Builder Warranty is mandatory when selling an owner-built property. It is also a critical step in securing Home Owner Builder Insurance, which safeguards buyers if the original owner builder cannot rectify defects due to death, insolvency, or disappearance.
At TrueNorth, we offer specialized owner builder inspections designed to ensure your property meets all building approval and owner builder permit requirements. We help you navigate the compliance process so your property is fully ready for sale.
Why do you need an Owner Builder Inspection?
If your home was built before the 1990s, thereβs a strong possibility it may contain asbestos in materials such as roofing, insulation, flooring, and wall linings. Asbestos testing is essential before any renovation or maintenance work to prevent disturbing these materials and releasing harmful fibres into the air.
At TrueNorth Building Inspections, our residential asbestos inspections are designed to identify hidden asbestos and reduce the health risks associated with exposure. Without proper assessment and handling, inhaling asbestos fibres can lead to serious respiratory conditions, including lung cancer and asbestosis.
A home asbestos inspection from TrueNorth provides you with:
Regulatory Compliance: Ensures your property meets safety standards and supports a healthy living environment
Accurate Identification: Clearly highlights areas that may contain asbestos-containing materials (ACMs)
Expert Guidance: Offers professional advice on safely managing or removing asbestos materials
With TrueNorth, you gain the knowledge and support needed to protect both your property and the people within it.
Whatβs included in our Home Owner Builder Insurance Report?
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To ensure your property meets safety and legal standards, you need an inspection from TrueNorth. Here is why it is essential:
- Meeting Compliance: TrueNorth verifies that your property aligns with building approval and safety standards, a key step in securing Home Owner Builder Insurance.
- Protecting Buyers: Give future owners confidence. TrueNorth identifies issues that could compromise safety or value before you sell.
- Meeting Insurance Requirements: A report from TrueNorth is often required to help buyers secure Home Owner Builder Insurance for the property.
- Saving Money: Detecting defects early with TrueNorth prevents costly repairs for both you and the buyer in the future.
This inspection provides the documentation required for compliance in NSW and VIC, where owner builder warranty insurance is compulsory.
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Benefits of Owner Builder Home Warranty Insurance
Owner builder home warranty insurance, especially when supported by a TrueNorth inspection, offers significant benefits for both you and the buyer:
- Protection for Buyers: Covers future owners if defects arise after purchase, particularly if the owner builder is unavailable to rectify them.
- Increased Property Appeal: A property backed by an owner builder warranty and verified by TrueNorth is far more attractive to buyers, giving them peace of mind that they are fully covered.
- Compliance with Regulations: TrueNorth helps ensure your property complies with legal requirements in states like NSW and VIC, making the selling process smoother and faster.
Additional Information
Requirements for the sale of Owner Built properties and homes in Australia differ from state to state.
- Sydney & NSW
- Melbourne & VIC
- Perth & WA
- Adelaide & SA
- Brisbane & QLD
- Hobart & TAS
Generally the requirement is that if you go to sell the property you have Owner Built within a few years of completion (usually around 6 β 7 years) you may be required to have an Owner Builder Inspection Report completed.
This Report is provided to an Insurer who will issue a policy in favour of the purchaser. It covers the purchaser in the event you abscond or are otherwise unable to provide redress for defects in the construction you did as an Owner Builder. The Inspection Report identifies for the Insurer any defective, incomplete works and the use of second hand building materials all of which are excluded from the insurance policy.