If you are reading this article then it’s likely that you are a building contractor who has been putting off getting your license for some time. Many people stepped away from the notion of getting the correct licence so they could carry out building work around Australia during and shortly after the pandemic because people were saving their money and so there was very little going on in the building industry. Now that seems to be at the back of us, it may be time to start looking at getting your license sooner rather than later.
You are not going to become a better builder overnight because you get your builder licence but if the Internet is anything to go by then you should know that many people leave reviews on various websites and they all point to the fact that they won’t hire a builder unless they are licensed. Customers need to be confident in the builder for the work that they need done and so it doesn’t make sense that you’re missing out on all of this potential work because you won’t invest in yourself. If you need a little bit of a push as to why you need a builders licence in Australia then maybe the following can illuminate you.
- To get yourself legal –Depending on the state or territory that you live in, you must at the very least be registered or you definitely need to get yourself a builder’s licence. There are stiff penalties dished out to building contractors with poor business ethics who are not registered and in some cases, people have been fined a significant amount of money.
- To give you financial independence – With your builder licence in hand, you will get a lot more inquiries and work from potential clients and this allows you to continue working for yourself and to be your own boss. Once you start making more money there is absolutely no limit to the potential that is out there waiting for you.
- To allow you to borrow money – Any financial institution in Australia worth its salt will want to see a builder licence before they lend you any money to expand your current enterprise. You will notice that more lenders will be flexible when it comes to allowing you to borrow so that you can take on bigger contracts and allow your business to grow.
- You get a number of discounts – Suppliers can offer you the materials that you need for any contract at discounted prices because you are a licensed builder. This government also offers some tax incentives when you are properly registered and if the relevant government department catches you working without the right licence in place then a substantial fine may be coming your way.
These are just four reasons why getting yourself a builder’s licence in Australia makes so much sense and there are numerous more. Your reputation is everything in this trade and customers need assurances and peace of mind that you know exactly what you’re doing.