Legal Requirement for Health and Safety
As a self-builder or homeowner, you are legally obligated to manage health and safety on your construction site. There are established procedures to ensure you can demonstrate compliance to the relevant authorities.
Importance of Self-Build Insurance
Although self-build insurance is not legally required, it is highly advisable. Insurance acts as a safeguard, protecting against unexpected issues such as injuries on-site or the theft of materials and tools. If you're opting for direct labor, many lenders will insist on having an insurance policy in place.
Structural Warranty and Funding
If you're securing external funding, a structural warranty will likely be necessary. These warranties usually involve a review of your construction plans and a schedule of inspections throughout the build process. Mortgage payments are often released based on the inspector’s approval.
Warranty Options
Several companies offer standard 10-year warranty products. Alternatively, some building professionals, such as architects and surveyors, can provide certifications backed by their professional indemnity insurance. Although less comprehensive, these are often accepted by finance providers. A full structural warranty, however, offers more benefits, such as ease of future home sales and access to a range of services if problems arise.
Plan Ahead
It’s essential to explore your warranty options early, as providers can be selective, especially with unique designs or building methods. For instance, even a flat roof can lead to rejection. Be ready to provide detailed information, including certifications and product warranties, for your project.