Consumer Studies
Topic 4: Housing and Interior
Unit 1: Different Housing Acquisition Options
1. Building a Home:
Financial Responsibilities:
- Erf/plot: purchase price and transfer duties
- Labor: architect/draughts person and builder
- Materials
- Municipal fees
Contractual Responsibilities:
- Building contract: a written agreement between the landowner and the builder listing the
terms and conditions, where the builder undertakes to build a house for a specific price,
according to an agreed plan and specifications, on the plot.
General content of a building contract:
- Detailed breakdown of costs (building and legal)
- Dates, methods and terms of payment
- Exact dimensions of the house
- Date of completion
- Builder’s warranties with regard to structural defects, roof leaks, faulty construction or
incomplete work
- A clause re: cancellation of the contract
- Consequences of breach of contract by either party
- List of specifications attached to plan
National Home Builders Registration Council (HNBRC):
- Ensures adequate standards of construction and responsible behavior by contractors.
- Contractors and builders are required to register with the NHBRC.
Standard Home Builder’s Warranty:
Must be issued by the builder, in accordance with the conditions of registration with the NHBRC.
Under this defects warranty, the registered home builder must:
- Enroll the new house with the NHBRC and build the house to the standards and guidelines
laid down by the NHBRC
- Repair any defects related to the plans, workmanship, specifications and material used in
the new house that occur within 90 days of moving into the new house
- Repair of any roof leaks that occur within the first 12 months of moving into the house
- Provision of a 5-year warranty to ensure the structural integrity of the new house. This is a
guarantee that the substructure, roof structure, walls and private drains are sound
- Ensuring that you sign a letter that confirms the acceptance of occupation, of which a copy
must be provided to the NHBRC by the builder
Once you move into your new house:
- Compile a snag list detailing all defects in the house that require fixing
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller christyshrimpton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.87. You're not tied to anything after your purchase.