Artwork
iconShare
 
Manage episode 512657715 series 3603762
Content provided by Zebunisso Alimova. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Zebunisso Alimova or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Wondering whether to build your dream home with a friend or go with a major construction company? You're not alone. The unexpected financial implications of this choice can be staggering – sometimes reaching six figures.
The construction industry is bouncing back across New Zealand, with Otago leading the charge at 9% above its 2022 peak. As more Kiwis consider building, they're facing tough decisions about who should handle their project. We dive deep into a real case study where clients discovered a shocking price difference between quotes from their builder friend and major construction companies.
This isn't just about money – it's about the complex intersection of personal relationships and financial realities. Larger companies enjoy significant buying power that independent builders simply can't match, allowing them to offer more competitive pricing on identical projects. But does that mean you should always go with the bigger companies?
We explore the hidden considerations in construction contracts – from contingency planning to fixed-price agreements that might not account for rising costs. With timber prices projected to increase by another 10%, these details matter enormously. Sometimes, being a good friend means not building with your mate, especially if taking on your project might stretch their business capabilities too thin.
The construction comeback is gaining momentum across New Zealand, but navigating this landscape requires careful consideration of both financial implications and personal relationships. Have you faced a similar dilemma with building? We'd love to hear your story and what factors ultimately influenced your decision to build or not to build.

Send us a text

Support the show

Buy your first home in NZ Weekly Webinars

You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are!

Join Here - https://bit.ly/4m9SL72

  continue reading

Chapters

1. Should You Let Your Friend Build Your Dream Home? (00:00:00)

2. Welcome and Construction Trends (00:00:20)

3. Building with Friends: The Dilemma (00:02:08)

4. Big Companies vs One-Man Builders (00:04:38)

5. Financial Implications and Fixed Contracts (00:06:13)

6. Final Thoughts and Call-to-Action (00:08:21)

148 episodes