Tips to Avoid Unncessary Building Variation Fees
Apr 29, 2015
Nobody likes unexpected surprises, especially when they come in the form of very expensive fees. Fortunately, all it takes to avoid these nasty surprises is a little know how and some tips from one of the most trustworthy Tweed Coast home builders: Perry Homes.
Read on to find out more important information about variation fees and how you can avoid them.
What are Variation Fees?
The term “variation” is used when describing any kind of change to a previously agreed to terms of a contract. As alluded to in the beginning of this article, this change in the agreement usually incurs a fee which can be (and usually is) expensive and can easily trip up your budgeted expenses and cause more stress.
An example of a variation can be changing the type of materials used for the floor tiles in your new home, or doing a last minute change of the type and colour of paint coating used for the exterior walls.
In addition, the fees for these changes will be much higher if the builder has already bought the materials that were previously discussed and agreed to.
Why do variation fees seem so excessive?
The main reason why variation fees are so expensive is because building contracts are essentially legal documents. Therefore any changes made to the terms in that agreement require the services of a lawyer to make the change.
Other factors that may contribute to the overall variation charges include:
- Cost differences between services rendered vs services previously agreed to
- Cost differences between materials used vs materials previously agreed to
- Previously established penalties for any variations
How to Manage Variations Wisely
Now that you know what variations are, you can see that although they can incur significant expenses, the charges do make sense. However, by being proactive in managing and better yet, avoiding these fees will make your home building project a lot less stressful.
In the end, it’s all about keeping a clear line of communication open and working closely with your homebuilder to ensure that everyone is on the same page.
For more information on how Perry Homes can assist you with your next home building project, get in touch with us today!« Back to Latest News / Awards