What is the Master Building Guarantee, and what does it mean for you?

If you’re planning to build a new home, knowing what the Registered Master Building Guarantee is a must. We know building a home can be overwhelming, and stressful, but we’re here to make the process a whole lot easier.

Here’s a run down of what the guarantee is, and what it means for you.

What is the Registered Master Building Guarantee?

This guarantee gives you and your family peace of mind in the knowledge that, if something does go wrong with your home build or renovation (god forbid!), Registered Master Builders will help resolve any issues and finish your home to the highest standard.

This could be in the unlikely event of a natural disaster, fire, or any other unforeseen circumstances.

The Master Build 10-Year Guarantee has been developed in New Zealand, for New Zealand homes. It’s designed to suit your modern building needs.

What does it mean for you?

The guarantee allows you to rest easy, knowing that you’re protected. Not only does it give you peace of mind, but it also makes good financial sense.

Here’s a few reasons why.

  • If something does go wrong with your build, your Guarantee kicks in and Registered Master Builders will step in to help you get your home finished to the highest standard

  • It adds value to your property

  • It’s fully transferable if you decide to sell 

  • It helps finance your build, as most banks require it

  • It costs less than 1% of the total build cost to protect your biggest investment 

The guarantee is designed to ensure you have the protection you need, whatever the size of your building project.

It protects you in such cases as:

  • Loss of Deposit and Non-Completion: While you’re still building, your Guarantee protects your deposit and covers you for non-completion and remedial work

  • Workmanship and Materials: Your project is covered for defects in workmanship and materials for two years after your building work is completed.

  • Structural Defects: You’re protected for any structural defects including weather-tightness issues (rot and fungal decay) for 10 years from the date your Guarantee is accepted.

  • Temporary Accommodation: If your home is unable to be lived in after it has been completed as a result of the damage in your claim, you will be covered for costs and expenses relating to removal, storage and alternative accommodation needed to a maximum value of $10,000

We’ve got you covered

When building with us, we encourage all customers to review the Master Build 10-Year Guarantee. We want to ensure you and your family is protected if any unlikely and unforeseen events arise.

For more information, give us a buzz to have a chat, and check out our blog for more home buying tips and recommendations.