Build Guarantees

If the David Reid Homes franchise that is building your home is a member of Master Builders then they can offer you a Master Build 10-Year Guarantee. If they are not a member then they can still offer you a David Reid Homes Guarantee.

The Master Build 10-Year Guarantee provides covers for:

• Loss of Deposit,
• Non completion of the build, and
• Material, workmanship and structural cover

For more information visit the Master Builders website.

The David Reid Homes Guarantee provides deposit and non-completion cover that is incremental to the Master Build 10-Year Guarantee. If there is no Master Build 10-Year Guarantee in place it provides cover limited to the amounts set out in the terms and conditions. The David Reid Homes Guarantee does not provide any material, workmanship or structural cover.

For more information, ask your builder for the David Reid Homes Guarantee Terms and Conditions.  

Frequently Asked Questions

If I have any questions who do I contact?
In the first instance you should contact your builder to discuss your questions. If you need additional support or advice, then contact the David Reid Homes Group Office on 04 586 5739 or groupoffice@davidreidhomes.co.nz

How do I apply for the Master Build Guarantee and David Reid Homes Guarantee?
A Master Build 10-Year Guarantee and David Reid Homes Guarantee are not provided automatically by engaging a David Reid Homes builder. Separate Agreements must be completed and accepted by the provider companies. For details of the cover and limitations that apply ask your David Reid Homes builder for the Master Build 10-Year Guarantee and David Reid Homes Guarantee documentation.

What if the builder who starts my home is unable to complete it?
In the first instance you would make a claim on your Master Build 10-Year Guarantee. If the cover limits provided by the Master Build 10-Year Guarantee are not sufficient to complete your build in accordance with the signed contract, then you would make a claim on your David Reid Homes Guarantee for the additional cost to complete the home per the building contract up to a maximum of $200,000.

Who provides cover for defects in materials, workmanship, and building structure?
The Building Act puts the obligation on your builder to provide cover for 10 years but only for specific items and only if the building company is still around.

If the building company is not around, then you would make a claim under your Master Build 10-Year Guarantee. The time limitations to make a claim under this guarantee are:

• For two years after your building work is complete the Materials and Workmanship cover protects you if there is a problem with the standard of the work carried out by your builder or with the materials used.
• For ten years after your application for a Master Build 10-Year Guarantee is accepted the Structural Defects cover protects you if the work carried out by your builder falls short and results in Structural Defects to your home. This includes problems with the weathertightness of your home (including rot and fungal decay).

The David Reid Homes Guarantee provides no cover for defects in materials, workmanship, and building structure. The extended cover provided is only for claims arising from loss of deposit and non-completion of your build.

A summary of the cover provided is as follows: