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HOME BUIILDERS SOUTH EAST MELBOURNE

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Building Across Melbourne

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The Stages of Building a Custom Home: A Client's Journey
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Author: Emily

2025 federal election impact on housing in Australia
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April 23, 20250 Comments

What the 2025 Federal Election Means for Homeowners and Renovators

For the upcoming federal election on May 3rd 2025, housing is a key topic. With cost-of-living pressures, interest rates still a talking point, and housing affordability front and centre, many homeowners, renovators, and would-be buyers are keen to understand how policy decisions could shape the path ahead.

We have taken an apolitical look at the key housing policies from the major parties so you can make informed decisions. Continue reading if you are planning a renovation, considering building new, or just trying to understand the potential impact on the housing market in the months ahead.

Labor’s Housing Promises

Labor’s key focus is on improving access to housing through government-supported schemes:

  • Help to Buy Scheme: A shared equity initiative where the government co-purchases up to 40% of a new home or 30% of an existing home, reducing the deposit needed and avoiding mortgage insurance.
  • Housing Australia Future Fund: A $10 billion fund aimed at building 30,000 new social and affordable homes in five years.
  • Expanded First Home Guarantee: Continuing to allow first-home buyers to enter the market with as little as a 5% deposit.

You can read more about their policies here.

What this could mean for you: 

If you are looking to buy or build, particularly for the first time, Labor’s focus on affordability support might ease the entry point. 

The Coalition’s Housing Promises

The Coalition’s approach leans on tax incentives and superannuation access:

  • Super Home Buyer Scheme: Allowing first-home buyers to access up to $50,000 of their superannuation to buy a home.
  • Tax Deductible Interest on New Builds: First-time buyers of new homes (up to $650,000) may claim interest deductions for the first five years.
  • Infrastructure Boost: A proposed $5 billion fund to support enabling infrastructure and unlock land supply for up to 500,000 new homes.
  • 10-Year Construction Code Freeze: This initiative aims to ease cost pressures by halting changes to construction codes that would raise compliance expenses. By implementing a decade-long freeze, the plan could affect recently announced NCC (National Construction Code) updates, which were expected to increase the costs associated with building or renovating.

You can read more about their policies here.

What this could mean for you: 

If you are planning to build a new home, policies that aim to reduce costs and increase supply could open up opportunities. 

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The Greens’ Housing Promises

The Greens are proposing systemic change:

  • National Public Developer: A new government body tasked with building high-quality, affordable housing for renters and buyers.
  • Massive Public Housing Investment: Proposing 750,000 publicly owned homes built over 20 years.
  • Rent Controls and Vacancy Caps: Seeking to stabilise housing access and discourage speculation.

You can read more about their policies here.

What this could mean for you:

The Greens’ policies could shift housing market dynamics significantly over time.

In summary, housing is on the agenda this election. No matter which party forms government, there are likely to be policy changes. These changes will influence how we build, buy, and renovate our homes.

While most of these policies are still just proposals, understanding them now means you can make more informed choices moving forward.

And if you’re ready to take action—whether you’re building new, planning a renovation and addition or just wanting clarity on your options—we’re always here to talk through the process with you.

Have questions? 

Reach out to the team at Eltcon and let’s chat about what’s possible for your home.

Contact our team today to start the conversation.

 

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How Much Will It Cost to Build or Renovate?
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March 25, 20250 Comments

“How Much Will My Home Renovation Project Cost?”…When You Don’t Have Plans Yet

As a Melbourne-based award-winning custom home builder, Eltcon understands that one of the most common questions homeowners ask is, “How much will my home renovation project cost?” This query, while seemingly straightforward, can be challenging to answer without detailed plans. However, we are here to provide insights and guidance to help you navigate this process.

The Complexity of Cost Estimation

Every custom build home, home renovation, or home extension is unique, with varying levels of complexity that significantly impact the overall cost. Factors that influence the price include:

  • Labour requirements
  • Material selection
  • Permit acquisition
  • Project timeline
  • Architectural intricacy
  • Technical complexity

Without a comprehensive scope of work or detailed plans, providing an accurate “ballpark” figure can be misleading. However, this doesn’t mean you can’t take steps towards understanding potential costs.

How Much Will It Cost to Build or Renovate?

Steps to Take When You Don’t Have Plans Yet

Even without finalised plans, you can begin to shape your project and get a clearer picture of potential costs:

  1. Define Your Project Scope: Determine whether you are considering an extension, a full renovation, or a new build.
  2. Identify Must-Have Features: List the essential elements you want to include, such as:
    – Kitchen upgrades
    – Bathroom renovations
    – Outdoor living spaces
    – Additional storeys
  3. Establish a Budget Range: Consider your ideal spending amount and your absolute maximum budget.
  4. Consult with a Custom Home Builder: Engaging with an experienced builder early in the process can provide valuable insights and help avoid common pitfalls.

The Importance of Early Builder Consultation

One of the most significant mistakes homeowners make is designing a home they can’t afford to build. By involving a custom home builder like Eltcon early in the process, you can:

  • Receive guidance on connecting with the right designer or draftsperson
  • Ensure your design aligns with your budget constraints
  • Get expert advice on cost-effective solutions and alternatives
  • Avoid costly redesigns later in the process

Next Steps: Starting the Conversation

Remember, you don’t need finalised plans to begin discussions with a custom home builder. All you need are ideas and a willingness to explore possibilities. Here’s how you can get started:

  1. Research Local Builders: Look for reputable custom home builders in Melbourne with a track record of successful projects.
  2. Prepare Your Ideas: Gather inspiration from home design magazines, websites, or social media platforms like Pinterest or Houzz.
  3. Schedule Initial Consultations: Reach out to builders like Eltcon to arrange preliminary discussions about your project.
  4. Be Open to Suggestions: Experienced builders can offer valuable insights that may enhance your initial ideas while keeping costs in check.

By taking these steps, you’ll be well on your way to turning your home renovation dreams into reality, with a clearer understanding of potential costs and project scope.

For more information on home renovation trends and costs in Melbourne, you might find these resources helpful:

Remember, as a custom home builder, we’re here to guide you through every step of your home renovation journey, ensuring that your project is not only beautiful but also aligned with your budget and expectations.

Further Resources Available

Download our free guide to understanding the costs to build here.

Contact our team today to start the conversation.

 

How Much Will It Cost to Build or Renovate?

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February 18, 20250 Comments

Why Your Builder Isn’t Just a Builder: The Role We Play in Managing Your Build

When most people think of a builder, they imagine someone swinging a hammer or laying bricks. But the reality of a builder’s job—especially in high-end, custom projects—is so much more than that. If you’re investing in a major build or renovation, your builder becomes the key person managing your entire project, ensuring it runs smoothly, on time, and on budget.

Here’s what we actually do beyond building, and why that matters for the success of your project.

1. Project Manager and Problem Solver

Every build comes with surprises, no matter how well-planned it is. Your builder isn’t just there to follow the plan; they’re there to manage every moving part and make decisions when things change. This means:

  • Coordinating multiple trades and ensuring everyone works in sequence.
  • Dealing with delays in materials and adjusting the schedule to avoid downtime.
  • Problem-solving on the fly—whether it’s an unexpected site condition or a design change.

Why It Matters: Without someone experienced to manage these details, your build can quickly go off track. A good builder knows how to keep things moving while maintaining quality.

2. Quality Controller

There’s a difference between getting the job done and getting it done properly. Builders spend a significant amount of time checking and rechecking the work to ensure it meets high standards.

  • Structural integrity: Ensuring every part of the build is solid and safe.
  • Trade coordination: Making sure each trade finishes their work correctly and on time, so the next one can start without issues.
  • Final finishes: Inspecting the final details—because the small things matter just as much as the big ones.

Why It Matters: Your builder is your last line of defense for quality. They spot issues you’d probably never notice and fix them before they become long-term problems.

3. The Go-Between for You and Everyone Else

Builders act as a buffer between you and all the other people involved in your project—trades, suppliers, engineers, inspectors, and more. This article gives you some insight into just how many external stakeholders are involved when building a home. Builders are the ones making sure everyone is on the same page and working towards the same outcome.

  • Translating technical jargon so you can understand what’s happening without the headaches.
  • Dealing with council approvals and inspections to keep the project moving.
  • Managing communication between trades to avoid crossed wires and costly mistakes.

Why It Matters: Trying to manage all these moving parts yourself? It’s a full-time job. Letting your builder take control keeps you sane and the project on track.

4. Budget Guardian

A builder with experience in complex projects knows how to protect your budget. They’ll help you make smart decisions about where to invest and where to scale back—while keeping an eye on costs.

  • Tracking expenses in real-time and identifying potential budget risks early.
  • Advising on material choices that balance quality and cost.
  • Helping you avoid costly mistakes that might blow your budget later.

Why It Matters: You want your project to be built within budget without sacrificing quality. A good builder knows how to find that balance.

5. The Calm in the Storm

Renovations and builds can get stressful, especially when unexpected issues pop up. A reliable builder keeps a cool head and offers solutions, not panic.

  • If something doesn’t go to plan, we don’t just tell you the problem—we offer options and recommend the best path forward.
  • We focus on keeping communication clear and honest, so you’re never in the dark about what’s happening.

Why It Matters: A calm, experienced builder will help you stay confident and in control of your project, no matter what comes up. This article provides tips on how to find the best builder for your project.

So, Why Does This Matter?

When you choose a builder, you’re not just hiring someone to construct a house. You’re hiring a project manager, quality controller, budget advisor, problem solver, and communicator—all in one.

At Eltcon, we believe in being upfront about what it takes to build or renovate. We’re not just here to deliver a house; we’re here to make sure it’s built the right way, with transparency and care every step of the way.

 

Contact us today about your plans to build.

 

How do you know if your quote is accurate?

 

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Obtaining accurate builders quotes
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November 20, 20240 Comments

Why Choosing Quality Matters in Custom Home Building: Understanding Eltcon’s Approach to Accurate Quotes

How do you know if the quote you received is accurate?

When you’re planning a custom home build, one of the first things you’ll do is gather quotes from different builders. But comparing quotes can be tricky—especially if one comes back higher than others. 

For a home builder such as Eltcon, based in Melbourne and recognised as a 2023 award-winner and 2024 HIA Finalist, providing an accurate, comprehensive quote is an involved process. Here, we break down why Eltcon’s quotes may be higher. We also look at what you, as a client, should look for to ensure you’re comparing apples to apples.

How do you know if your quote is accurate?

Why Eltcon’s Quotes Stand Out 

  • Quality Fixtures and Fittings: Eltcon’s quotes are built on high-quality fixtures and fittings from trusted, reputable brands. This often results in a higher upfront cost than quotes based on cheaper alternatives. While it might be tempting to opt for a lower-priced quote, remember that these less expensive options may lack durability and warranty coverage. This has the potential to lead to higher costs and frustrations over time. Consider the difference in kitchen sink options: an IKEA sink might cost around $250, while a fine fireclay butler sink from Turner and Hastings could be around $1,300. Initially, the IKEA sink is less expensive, but after a year of use, it’s likely to show scratches and stains. The premium fireclay sink, on the other hand, will maintain its pristine appearance indefinitely. By choosing quality materials from the start, you’re investing in long-term satisfaction and a home that stands the test of time.
  • Comprehensive, Detailed Costing: Eltcon invests significant time into crafting accurate and itemised quotes. This includes specifying the costs for fixtures, fittings, and finishes that some builders may leave out or undervalue. Rather than opting for a quick estimate, Eltcon’s quote is a reflection of current, researched pricing, accounting for all aspects of the build.
  • Why Eltcon Charges for Quotes: Providing a detailed and accurate quote requires significant time and effort. Eltcon’s fee helps to partially offset this investment. However, it’s important to note that this fee doesn’t fully cover the time spent on each quote—rather, it reflects Eltcon’s commitment to transparency and delivering the highest quality service. 

Having been in the industry since 2018, Eltcon is cautious of builders offering free quotes, as the substantial time and expertise required to prepare an accurate quote cannot be accounted for with no charge. A free quote may suggest that insufficient time has been dedicated to ensuring the figures are as precise as possible, potentially leading to inaccurate estimates or hidden costs down the track. By paying for a quote, there is a higher chance that the quote you receive back is a thorough, well-researched estimate that reflects the true scope of the work and ensures no surprises later in the process.

How do you know if your quote is accurate?

Key Checklist for Comparing Builder Quotes

To make an informed decision when comparing quotes, look beyond the bottom line and consider these key elements:

  1. Quality of Materials: Does the quote specify reputable brands or generic options? Quality materials impact durability and resale value.
  2. Inclusions and Exclusions: Is everything covered? Sometimes quotes are lower because they omit things like flooring or fixtures. If you have received multiple quotes, compare each side by side to see what has been included or omitted. 
  3. Labour Costs: Are the labour costs realistic? Low quotes may underestimate skilled labour, potentially leading to rushed, subpar work.
  4. Site Costs: This includes excavation, site preparation, and any specific challenges for your property. Avoid surprises by checking whether these are included.
  5. Project Management Fees: Builders like Eltcon manage every aspect of the build, ensuring smooth progress. Make sure any project management fees are clearly itemised.
  6. Detailed Timelines and Payment Schedules: A quality builder will provide a clear schedule. Vague timelines or missing schedules could indicate an unreliable builder.
  7. Licensing and Insurance: Eltcon is a licensed, award-winning builder. Verify that any builder you choose has up-to-date licensing and insurance, as these are crucial to your protection.

Differences Between Architect Plans and Designer / Draftsman Plans

The design plan you bring to a builder can also impact the final quote. There’s often a misconception that all plans are created equal, but in reality:

  • Architect Plans: An architect’s plan typically includes a high level of detail, specifying exact product codes and brands. This allows builders to accurately cost each item and avoids potential miscommunication. 
  • Designer/Draftsman Plans: While plans from a designer or draftsman are often more affordable, they tend to be less detailed than those created by an architect. For example, they may omit specific details, such as product codes for fixtures, leaving the builder to make assumptions about costs. This can introduce variations in the builder’s quote, as they may need to account for unknowns or unexpected adjustments.

Opting for a cheaper quote based on lower-quality fixtures and fittings might seem like a good deal initially. However, this could lead to price adjustments later in the project if the client decides to upgrade to higher-quality products. These variations can add up, making what seemed like a more affordable option less cost-effective in the long run. Having detailed, comprehensive plans ensures that all costs are accounted for upfront, reducing the likelihood of unexpected increases down the line.

Commonly Missed Elements in Incomplete or Rushed Quotes

When a builder provides a quick quote, it’s often missing essential elements that you’ll ultimately need. Be on the lookout for the following common omissions in cheaper or rushed quotes:

  • Permits and Approvals: These are essential but are often left out to keep initial estimates low. Eltcon’s quotes include these essential costs, saving you from hidden expenses.
  • Electrical and Plumbing Provisions: Sometimes, quotes exclude detailed electrical or plumbing work. Eltcon provides a thorough breakdown, accounting for quality installation.
  • Energy Efficiency Standards: Sustainable building is vital for long-term savings, and Eltcon ensures their quotes account for energy-efficient options.
  • Landscaping and Outdoor Structures: Patios, driveways, and gardens might not be part of a lower estimate. Eltcon’s approach includes all essential features in their quotes so there are no surprises.
  • Waste Disposal: Rushed quotes may omit waste disposal and site clean-up fees. Eltcon’s quotes cover these details, leaving no corners cut.
How do you know if your quote is accurate?

Why Quality Quotes Are an Investment

Building a custom home is one of the biggest investments of your life, and cutting corners on quotes could lead to regrets down the road. Eltcon’s comprehensive, transparent quoting process ensures that you’re making an informed choice without hidden costs or surprises. Investing in a quality builder with a proven track record means you’re choosing durability, quality, and attention to detail. By carefully evaluating each quote with the checklist above, you can find a builder whose values and quality align with your vision, creating a custom home that will stand the test of time.

Don’t Dismiss a Higher Quote Without a Conversation

It’s natural to feel hesitant when a quote comes back higher than expected, but don’t be quick to rule out that builder. A transparent, reputable builder, like Eltcon, will be more than willing to discuss the details with you. By reviewing the quote together with your chosen designer or architect, we may identify opportunities for cost savings that still align with the quality and vision you have for your home.

For example, in one recent project, Eltcon worked with a client who chose to install an IKEA kit laundry, which helped reduce costs significantly. Eltcon installed the kit to ensure the work met their high standards, resulting in substantial savings without compromising the overall quality and cohesion of the home.

Remember, a high-quality builder will always seek ways to meet your budget without sacrificing integrity or cutting corners. When you choose to have an open conversation, you’re more likely to find a solution that works for both you and your builder, leading to a home that’s beautifully crafted and built to last.

If you’re considering building a custom home, talk to Eltcon about their detailed, reliable quoting process to see the difference quality makes. 

Fill out our contact form here and someone from our team will be in touch.

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The Stages of Building a Custom Home: A Client's Journey
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October 15, 20240 Comments

The Stages of Building a Custom Home: A Client’s Journey

The Stages of Building a Custom Home: A Client's Journey

Building a custom home requires careful planning and collaboration. Eltcon’s approach ensures that clients understand each stage of the journey, from the initial concept to the final touches. Below is an overview of the key phases involved in building a custom home. This will offer insight into what clients can expect as they navigate through the process.

1. The Concept Design Stage

The journey towards building your dream home begins with the concept design stage. Whether you’re purchasing land or planning a significant renovation, this stage is crucial to set the foundation. Start by engaging with a draftsman, architect, or architectural designer (referred to going forward as “designer”) to help bring your vision to life. It’s essential to begin these conversations early, even before you finalise land purchases. These professionals will guide you in understanding what’s achievable based on planning regulations.

You should select a designer that aligns with your preferences. Choose a designer whose work you admire but who can also create a home within your budget. Be clear on any budgetary restrictions or upper limits early on so the designer can recognise this when drafting a proposal. The proposal will outline the phases of design, associated costs, and any other consultants needed to move the project forward. After signing off on the proposal, the concept phase officially begins.

During this phase, your designer will work with you to translate your ideas into a basic floor plan. This plan won’t be overly detailed but will give you a sense of the layout and overall structure. The goal is to put your vision on paper, offering a clear idea of what your home will look like, often with basic elevations or visuals from the street.

Before this, you’ll likely need to commission a land surveyor to plot the contours of your site and possibly consult specialists like bushfire experts or arborists, depending on the location of your land.

Although it may feel like you’re investing heavily without much immediate return, this initial work is essential. It ensures that once the concept is finalised, you can confidently engage builders to discuss costs and feasibility. Collaborating with a builder early on ensures a seamless process, reducing the chances of costly adjustments later on.

2. The Further Design Stage

Once the concept design is approved, you move on to further developing the plans. This stage is where some key decisions start to take shape, including external claddings, window placements, and perhaps even some basic interior layouts. Detailed drawings of elevations and cross-sections provide a clearer understanding of how the house will sit on the land and how rooms will be positioned.

At this point, more detailed information becomes available. This includes early cost estimations and basic 3D visualisations to offer a better sense of the final build. Additionally, a geotechnical engineer may assess your soil conditions, providing essential data that influences the design of your footings and foundations.

Engaging a builder now becomes even more important, as they can offer valuable input on pricing and construction feasibility, ensuring the design remains aligned with your budget. Read our article here on how to find the best builder for your project. 

The Stages of Building a Custom Home: A Client's Journey
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3. The Town Planning Stage

Next is the town planning stage, where your developed plans are prepared for submission to the council. Not every project requires council approval; it depends on specific triggers like tree removal or building height restrictions. If your design meets certain planning triggers, you’ll need to submit the necessary documentation for approval.

Before submitting, it’s critical to revisit your budget with your builder. Any changes required by the council after approval could mean starting the process again, costing you time and money. Establishing a good working relationship with your builder and design team ensures that everyone is on the same page, working together to keep the project on track.

Once submitted, the council reviews the plans, and while this can sometimes be a lengthy process, the outcome is vital for ensuring your design meets local regulations. Hopefully, your submission is straightforward, and you can proceed without too many revisions.

4. The Building Permit Stage

Upon receiving council approval, the next milestone is obtaining a building permit. This stage follows the granting of a planning permit, which often comes with certain conditions—such as the need for landscaping designs, drainage plans, or bushfire protection measures. Adhering to these conditions is essential as the construction documentation is developed.

At this point, your plans become highly detailed. These documents, often referred to as the “Bible” of your project, include all necessary specifics such as room dimensions, elevations, materials, finishes, and even electrical layouts. Everything documented here will guide the builder in bringing your vision to life, so it’s important to finalise any major decisions at this stage.

Collaboration between the builder and design team is crucial to ensure the design remains on budget and that no costly surprises arise during construction. Consultants such as engineers, landscape architects, and building surveyors may also get involved during this phase to finalise the technical details required for the building permit.

5. The Interior Design Stage

Once construction documentation is well underway, the focus can shift to the interior design stage. While this can happen concurrently with the finalisation of construction documents, it’s a critical phase in customising your home. Decisions about finishes, fixtures, and interior layouts are made during this period, allowing you to shape the look and feel of your living spaces.

Working with an interior designer can ensure that your home reflects your personal style while maintaining practicality and function. This phase allows for the selection of materials, colours, and lighting that will bring your home to life once the building process begins.

6. The Contract Administration Stage

The final stage of a client’s building journey is the contract administration stage. After all the necessary documentation is completed—from concept design through council approval, construction documentation, and interior design—you’re ready for the builder to take over. This involves finalising consultant reports such as engineering, structural, soil, or bushfire reports, depending on the property.

At this stage, it’s essential for the builder to thoroughly understand the project, which can take time. Rushing could lead to overlooked details, causing issues later. Once everything is in place, the contract is signed, the building permit is obtained, and construction begins. During construction, the designer can remain involved in administering the contract, ensuring that the builder follows the plans and verifying progress against payment claims. This oversight helps keep the process smooth, aligning everyone toward the common goal of a successful custom build.

Though construction can be challenging, especially with custom homes as each custom home is unique, with the right team and proper planning, it should be an exciting and rewarding journey. Ensuring careful attention at every step, especially early on, helps avoid costly mistakes down the line.

 

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Home owners insurance - Eltcon Melbourne Builders
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September 19, 20240 Comments

What is Home Warranty Insurance and Why is it Important?

What is Home Warranty Insurance and Why is it Important?


Building or renovating a home is an exciting undertaking, especially for first-time renovators or builders. However, with any large project comes potential risks, which is why having the right protections in place is crucial. 

One of the most important forms of protection for homeowners in Victoria is Home Warranty Insurance. At Eltcon, as a custom home builder, we make sure our clients understand the importance of this coverage to protect their investment and ensure peace of mind throughout the building process.

What is Home Warranty Insurance?

Home Warranty Insurance (also known as Domestic Building Insurance in Victoria) is designed to protect homeowners from financial loss if their builder is unable to complete the project or rectify any defects due to certain circumstances. These situations could include the builder passing away, becoming insolvent, or disappearing.

This type of insurance is mandatory for all residential building projects over $16,000 in Victoria. This includes new builds, extensions, and significant renovations.

Who is responsible for taking out Home Warranty Insurance – the client or the builder?

In Victoria, the responsibility for taking out Home Warranty Insurance lies with the builder, not the homeowner. For projects valued at over $16,000, the builder must obtain this insurance on behalf of the homeowner before starting any work. Once the insurance is secured, the builder provides the homeowner with a certificate of insurance, which outlines the coverage details.

This legal requirement ensures that homeowners are protected.

What does Home Warranty Insurance cover?

Home Warranty Insurance provides a safety net for homeowners in the event that the builder is unable to fulfil their contractual obligations. The coverage typically includes the following:

1. Incomplete work

If the builder is unable to complete the project due to insolvency, death, or disappearance, the insurance will cover the cost to finish the work. This ensures that homeowners aren’t left with an incomplete home and the financial burden of hiring another builder without protection.

2. Defective work

The insurance also covers the cost of rectifying any structural defects that arise within six years of the project’s completion. This includes major issues that affect the structural integrity of the home, such as problems with foundations, framing, or roofing. Non-structural defects are covered for a shorter period, typically two years from completion.

3. Legal costs

In some cases, Home Warranty Insurance may cover legal expenses incurred by the homeowner if they need to pursue compensation or repairs due to issues related to the building work.

home owner warranty insurnace

Why is Home Warranty Insurance important?

1. Peace of mind for homeowners

Building or renovating is one of the largest financial investments they will make. Home Warranty Insurance provides peace of mind by ensuring that, in the unfortunate event that something goes wrong, they are not left to deal with the financial burden alone. It acts as a safety net, providing reassurance that their home is protected, even if the builder cannot complete the project.

2. Compliance with legal requirements

In Victoria, Home Warranty Insurance is a legal requirement for any domestic building project over $16,000. Builders must obtain the insurance on behalf of the homeowner before any work can commence. If a builder fails to do this, they are breaching legal requirements, which could result in penalties or legal complications down the line. By ensuring that the insurance is in place, both the builder and homeowner are compliant with the law.

3. Protects against unexpected builder issues

While it’s rare for reputable builders to face insolvency or other significant issues, these situations can occur. Home Warranty Insurance is vital in protecting homeowners from being left in a difficult financial position if the unexpected happens. This is particularly important for first-time renovators or builders who may not be aware of all the risks involved in a large construction project.

4. Covers defects for years after completion

One of the standout benefits of Home Warranty Insurance is that it provides ongoing protection for years after the project is finished. This is especially crucial for structural defects, which may not become apparent until months or years after the work is completed. Knowing that the insurance covers these potential issues ensures that homeowners can enjoy their new home without worrying about unexpected repair costs in the future.

How do you know if your quote is accurate?

How Eltcon ensures your project is completed

At Eltcon, we pride ourselves on delivering high-quality custom homes for our clients across Melbourne. We believe that protecting our clients and their investment is just as important as delivering a beautifully crafted home. That’s why we take every step to ensure that Home Warranty Insurance is in place before we begin any project. We present all our clients with the certificate of insurance so they can rest assured. Our team is fully licensed, experienced, and committed to providing a seamless and stress-free building experience.

What homeowners should know

For homeowners, it’s important to understand that Home Warranty Insurance is not a replacement for choosing the right builder. While it provides crucial protection in certain circumstances, it doesn’t cover every possible issue. That’s why selecting a reputable and experienced builder like Eltcon is essential to ensuring the quality and success of your project from the very beginning. You can read more about how to choose the right builder for you here. It is also important that you assess your builder for financially stability, read more here.

If you’re planning to build or renovate your home, understanding Home Warranty Insurance is a key part of protecting your investment. To learn more about how we manage the insurance process or to discuss your project, feel free to get in touch with us here. At Eltcon, we’re here to guide you every step of the way, ensuring your building journey is safe, secure, and successful.

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How to Check the Financial Stability of Your Builder
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August 27, 20240 Comments

How to Check the Financial Stability of Your Builder

How to Check the Financial Stability of Your Builder


In today’s construction landscape, it’s understandable that homeowners might feel a bit uneasy. With rising costs and the challenges many builders face, it’s important to make sure the builder you choose is financially stable. Doing so can help ensure your project is completed smoothly and on time.

This guide will walk you through the steps you can take to assess the financial stability of your builder, so you can move forward with confidence.

The Building Industry in Australia: A Snapshot

The construction industry in Australia, like many others, is facing its share of challenges. Factors such as rising interest rates, inflation, and supply chain disruptions have made it more difficult for some builders to maintain cash flow. However, this doesn’t mean all builders are at risk. Many, like Eltcon, are financially secure and take pride in their stability, offering transparency to reassure their clients.

Simple Online Checks for Peace of Mind

The internet is a powerful tool for conducting initial financial checks on your prospective builder. Here are some steps you can take:

1. Search for News Articles and Reviews:

Conduct a simple Google search using the builder’s name. Look for any news articles, reviews, or forum discussions that mention the builder. Pay close attention to any mentions of financial difficulties, project delays, or insolvencies.

2. Check ASIC Records:

The Australian Securities and Investments Commission (ASIC) provides access to public records, where you can check if the builder has been involved in any insolvency proceedings. You can also verify the company’s registration status, which can give you insights into its legitimacy and history. Click here for more information.

3. Verify Builders’ Licences:

Visit the Victorian Building Authority (VBA) website to verify that the builder holds a valid licence. The VBA site also lists any disciplinary actions taken against builders, which could be indicative of past financial or operational issues.

Key Questions to Ask Your Builder

In addition to online research, it’s important to have open and honest conversations with your builder. Here are some questions to guide your discussions:

1. Can You Provide References from Recent Clients?

Ask for references from clients whose projects have been completed recently. You can also look at Google reviews to get an understanding of what past clients have had to say about their experience with the builder. You can read Eltcon’s Google reviews here.

2. How Do You Manage Cash Flow for Projects?

Understanding how the builder manages cash flow is essential. A financially stable builder should have a well-organised system for managing payments, subcontractors, and material purchases. They should also be able to explain how they ensure that funds are allocated appropriately throughout the project. This is something that Eltcon goes through in detail with every new client as part of the initial meetings.

Eltcon’s directors, Kyle and Jared, have backgrounds in construction management and site supervision respectively. Based on these attributes they have been able to create a business that focuses not only on quality construction but also on ensuring that risks to the client are mitigated by having strong, highly systemised internal commercial controls.

3. What Insurance and Guarantees Do You Provide?

Ensure that the builder offers appropriate insurance, such as Home Warranty Insurance, which protects you if the builder goes out of business. Additionally, inquire about the guarantees they offer for their work and materials. A builder who provides robust guarantees is more likely to be financially sound.

4. Have You Received a Detailed Quote? 

It is important to receive a detailed quote for your building project as this will give you a clear understanding of how the funds will be allocated. There are a variety of ways to quote for a building project, we delve deep into quoting in this article: Understanding Your Construction Quote.

5. Have You Faced Any Financial Difficulties Recently?

While this may be a sensitive question, it’s crucial to gauge the builder’s honesty. A reputable builder should be transparent about any past financial challenges and how they’ve addressed them.

Moving Forward with Confidence

Choosing a builder who is financially stable is essential for a smooth and successful project. By conducting thorough research and asking the right questions, you can make an informed decision that brings you peace of mind. Eltcon, for example, is proud of its financial health and is happy to provide information to reassure clients.

Remember, a financially secure builder is not only more likely to complete your project on time and within budget, but they also provide the confidence that your investment is in good hands. 

If you have any specific questions or need further guidance on your renovation project, book in a time to chat. We would love to assist you in any way we can. 

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June 25, 20240 Comments

Choosing the Right Builder for Your Dream Home: A Comprehensive Guide

When embarking on the journey of creating your dream home, one of the most critical decisions you’ll face is selecting the right custom home builder. For new homeowners and first-time builders, understanding the different types of builders and their unique offerings is key to making an informed decision. Let’s explore the various builder categories and what they bring to the table.

1. Custom Home Builders

Custom home builders, like Eltcon, specialise in creating bespoke homes tailored to individual client specifications. Custom home builders can build new homes as well as undertake major renovations or extensions. This type of builder offers a highly personalised experience, working closely with clients to bring their unique vision to life. From the initial design phase to the final touches, custom home builders manage every aspect of the build. This ensures that each home is truly one-of-a-kind, reflecting the client’s personal style and preferences. No two homes are the same – view our projects to see the variety of designs and styles we have created.

Custom home builders are best suited for:

  • Homeowners with a specific vision or unique requirements for their home.
  • Those who value a high level of personalisation and direct involvement in the design and building process.
  • Projects where quality and attention to detail are paramount.

2. Volume Builders

Volume builders, also known as production builders, operate on a larger scale, constructing multiple homes simultaneously, often within planned communities. These builders offer a selection of pre-designed floor plans and typically provide a more cost-effective solution due to economies of scale. While the level of customisation is limited compared to custom home builders, volume builders are an excellent choice for those looking for affordability and efficiency.

Volume home builders are best suited for:

  • Homeowners looking for a quicker and more cost-effective building process.
  • Those who are satisfied with choosing from a range of standardised designs.
  • Projects where budget constraints are a significant consideration.

3. Renovation Builders

Renovation builders specialise in modifying existing structures, whether it’s a complete overhaul or a specific room update. They are experts in integrating new elements into older homes, ensuring that the additions are seamless and functional. This option is ideal for homeowners looking to update their current space without starting from scratch, preserving the original character of their home while enhancing its functionality and aesthetic appeal.

Renovation builders are best suited for: 

  • Homeowners who love their current location but need more space or updated amenities.
  • Those looking to increase the value of their home through strategic renovations.
  • Projects focused on modernising or expanding an existing home.

Eltcon also offers services in this category. We have completed a wide range of renovation and extension projects over the years. We take our expertise of custom home building and use this to create an extension or renovation that is unique to the client and also seamlessly blends any existing elements together.

4. Design & Build

Builders who offer a Design & Build service, managing both the design and construction phases under one roof. This approach can streamline the process, as clients work with a single entity from start to finish. An important aspect to consider here is the ownership of the plans. In many cases, the design & build firm retains ownership, meaning the plans cannot be used by another builder without additional permissions or costs.

Design & build builders are best suited for:

  • Homeowners looking for a single point of contact.
  • Homeowners who are not specific on the architect or designer they want to work with. 

It is important to understand which type of builder is right for you and your construction project.  Then you can identify the builders within this category that you will discuss your project with. 

Build your team, then build your home and the right team will ensure your project is a success.

For those who are looking to build or renovate their custom designed home in conjunction with a designer or architect, then we may be your ideal choice.

Book a time to chat with our team today!

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