This week NHBB was contacted by a client of SCHO Homes. Their dream home is under construction with SCHO Homes, who have apparently ceased trading and are under administration.
We did a quick internet search and found that SCHO Homes’ Facebook page and web site are down.
If you are a client of SCHO Homes or find yourself in a similar situation with another builder, what do you do?
Firstly don’t panic. In WA, builders are required to take out Home Indemnity Insurance before:
Home Indemnity Insurance protects owners against financial loss if a builder cannot complete residential building work or meet a valid claim for faulty or unsatisfactory building work because of death, disappearance or insolvency. The policy usually has limits on the maximum amount that is paid on a claim.
How can we help?
Unfortunately we have dealt with type of problem before and have been able to help people in some very difficult and stressful situations. While every case is different, we have been able to recover deposits or find builders to complete the construction where homes have already been started.
You can contact us for an obligation free chat where we can discuss the options available to your particular situation.
Tristan Kirkham | Managing Director
Tristan has managed some of Australia’s major building companies, both project and private. His committment to customer service and providing market leading communication product for the home building industry has led to a role as regular Judge in the HIA Green Smart, HIA Kitchen & Bathroom Awards and the major Housing Awards. Winning multiple awards throughout his career in the housing industry, he is dedicated to improving the industry standards and practices. Tristan's vision is to provide a better way to build homes for all parties.