As three more builders collapse, how do home buyers avoid the carnage?
Three more building companies collapse in a week, scores more home buyers out of pocket. So is it possible to minimise the risk of falling victim to failed builders when constructing a new home?
It's not always easy but there are ways to avoid the worst-case scenarios in the case of your builder collapsing. (Image source: Shutterstock.com)
In a week that revealed the demise of at least three more building companies, the reality that it could have a devastating impact on anyone buying and building a new home has been rammed, well … home.
Building companies have been the worst hit segment of the economy when it comes to insolvencies, and the past week has been a salient reminder that new home buyers need to take as many measures as possible to avoid becoming part of the fall-out.
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