This is where we both sign a legal document which states our obligations as builders to you, and you the payee, your payment schedule. Your decision to proceed with construction is now legally formalised
You will need your finance arranged before signing the contract agreement.
Once the contract has been signed and the deposit paid, the full working drawings will be finalised and submitted to Council to issue the building consent, a process that normally takes 5 to 6 weeks. Once the consent has been issued your home will then move on to the construction phase.
Standard Staged Payments:
10% Payment Claim 1 – Deposit, payable on signing the contract. Development stage payment is deducted from this claim
20% Payment Claim 2 – Commencement of construction payment. Your new home is now ready for the yard construction phase to begin.
30% Payment Claim 3 – Timber Shell completion
20% Payment Claim – Lock up payment. The exterior construction is finished, and the building is fully weathertight
10% Payment Claim – Interior lined payment. House is insulated, gib is on and doors are hanging
10 % Payment claim – House is finished and ready for delivery!
From this point another contract for site works is under effect.
Your home is built in our yard to full completion and ready for delivery
Your house is delivered overnight, your transportable home is sited in position from here foundations, and any further site works including decks, garages and utility connections are completed. This stage normally takes 4 to 6 weeks depending on the level of site works involved.
Your new home is finished, all payments have been made, keys are in your hand for your new home.
For More Info: https://youtu.be/T83yav4ii_s
https://modbuildhomes.co.nz/about-us/