What you need to know about the Master Build Guarantee
Learn how New Zealand’s leading building guarantee is vital for your home-building projects.
Protect your home investment
Renovating your home or building a new one can be a long and challenging process that includes various contractors, building materials, and many potential risks. Fortunately, there is a way you can relieve yourself from unforeseen risks that may arise during/after the building process—a Master Build Guarantee.
Also called the Master Build 10-year Guarantee, it provides financial coverage for any construction-related issues. By getting a Master Build 10-year Guarantee, you’ll have some peace of mind during your construction journey.
What does it cover?
Here’s a look at what the Master Build 10-year Guarantee covers.
Non-completion and loss of deposit
Protection for your deposit and coverage in the event of non-completion during the building process.
Materials and workmanship
Coverage for any defects in materials and workmanship for two years after project completion.
Provision for temporary accommodation if your new home is not fit to be lived in after construction.
Financial coverage for structural defects for 10 years from the day you accepted the guarantee.
What are the benefits of having a Master Build Guarantee?
The following are some of the benefits you can expect from a Master Build 10-year Guarantee.
A home building or renovation project is a big investment. When you have the Master Builder Guarantee, you can rest assured that you’re getting financial coverage in the event any problems arise during construction and any remedial work will be done without incurring any additional costs for you.
The Master Build 10-year Guarantee can act as a mark of quality. Many home-building companies offer this guarantee as proof of their high-quality workmanship and it stands as a testament to a builder’s commitment towards customer satisfaction and their meticulous attention to detail.
Increases property value
The guarantee can increase the value of your property. When you’re selling your home, the guarantee will assure buyers that the home is built to the highest standards, using the highest quality materials, by reputable contractors. This makes your home more attractive to potential buyers.
Build your dream home today
With over 3 decades of experience, Stonewood Homes has been making dream homes a reality for Kiwi families. Over the years, we’ve built over 8,000 beautiful homes and are dedicated to providing our customers with a stress-free home-building experience.
If you’re looking for a reliable home builder who offers excellent build guarantees give the Stonewood Homes team a call today! Let us help you build the home of your dreams.
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It generally costs less than 1% of the entire build cost of your project.
Yes, you will not receive the guarantee automatically upon hiring a registered Master Builder. Both you and your builder will need to submit the relevant documents to Master Build Services, and this needs to be done before the building project starts.
Loss of deposit: Covers up to $50,000 or 10% of your contract price, whichever is lower
Non-completion: Covers up to $500,000 or 20% of your contract price, whichever is lower