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Extension plan - opinions and cost estimates?

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  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 5 January 2021 at 8:16AM

    Ok, so inching forward here now its 2021.

    What's the industry standard guarantee for buildings (extensions)? Is there something equivalent to a NHBC, but for extensions?
    I wouldn't say that there is one.  We can offer an insurance backed guarantee through the FMB, for which you pay a % of the build cost dependent on the length and level of cover, but  we've never had a client take it up.   
    https://www.fmbinsurance.co.uk/insurance-products/domestic-and-commercial-insurance/

    You really want it built properly in the first place.  Prior due diligence is the key.  If you've done a lot of reading on the House Buying board, the NHBC type warranty is worth very little, though the FMB cover is broader.  

    We had to have a warranty on our self build if anyone wants a  mortgage in the next 10 years.  When I sought advice as to what to go for, the answer was "the cheapest one that is accepted by most lenders - you're not going to build it badly are you!" which was a fair point. As for clients, historically they have always had a better job than I have on my own house! 🙄

    Everything that is supposed to be in heaven is already here on earth.
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