Sydney house prices are soaring and people seem to be turning to home capital as a solution compared to buying a new house.   At the moment, it is much cheaper to renovate and then to buy.  Sydneysiders are turning to home renovation solutions to increase the capital investment in their own home rather than looking for a new one.  The building construction industry estimates that home renovations will increase by 200 to 300% in the coming years.

However, as with all new economic activity there will inevitably be disputes surrounding the addition of new parts of buildings. The cost of these renovations can be very large in comparison to the value of property, and if there is even a simple misunderstanding in relation to the building contract which is used to construct a home renovation it can lead to a protracted and costly dispute.  There is also a significant elements to building construction disputes which is different from other types of commercial disputes because it is governed by the building and construction industry security payment act.

The building construction industry is fraught with problems and disputes and having a good lawyer from the beginning can mean the difference between a very good and very bad outcome in relation to a building and construction dispute.  Many building companies engage in questionable practices such as creating Phoenix companies which go insolvent to avoid paying their debts and then setting up as a new company immediately or they may either provide to their customers and then dispute the amount of payment that is given shonky or sometimes non-existent work.  if you have had a problem with the builder of this type, you”ll know exactly what it is like to try to dispute the completion of a building project while it is in operation.  You are often hamstrung by the need to complete the project despite the fact that you often unhappy with it.  These problems can snowball into something which seriously affects the value of your house and your enjoyment of rights in relation to the provision of services guaranteed under a contract you have with the builder.  It is certainly worth talking to a lawyer if you have any concerns of this nature.