Emily
Have your builders/building companies passed on all the price increase to you? Is it fair for the clients to pay for it all?
Back to discussions
Discussion thread
Have your builders/building companies passed on all the price increase to you
Read this thread as context for better builder due diligence. Original historical wording is preserved and comments are not independently verified unless labelled.
Source and review policy
This thread is one source, not a verdict
Historical comments are preserved for context with original wording where possible. They are not independently verified unless labelled, and may not reflect current circumstances. Use them alongside public records, third-party review sources, contract checks, and a direct response from the builder.
Anne Jones
Yes, and yes. The products/materials/labour is going in YOUR home so who else would pay for it? It’s in our contract that price increases would be passed on to us, so we don’t expect them to build our home at a loss. It’s not like the builder controls supplier prices and I’m sure they don’t enjoy having to do it. If you feel you shouldn’t then perhaps buying an existing home would’ve been better suited.
MJ
Regardless if it is fair or not it will be in your contract. Even companies that offer a “fixed price” contract will have a clause in there that negates this in certain circumstances, and there will be a few circumstances listed I assure you.
When people stop believing the salesman and question the contract from the get go (with a bloody good lawyer) then they might get a realistic idea of what they are in for. Once you sign that’s it, there is no getting off the roller coaster now.
Search in here for Chris C who often comments about contracts, it’s gold.
Shane
Yes but they also have to credit you if something comes in cheaper even on a fixed price.