What is a home construction warranty? A home construction warranty is a promise from the home builder to the customer to repair or replace and defective item without a charge for a certain established amount of time. .
When entering into a home construction warranty agreement it is very important to make sure you know what is covered, how do you make a claim, and the process for resolving disputes with the builder or the home construction warranty company. Most of the time a warranty is provided by the home builder; however additional warranties can be purchased. .
A home construction warranty can be purchased from an independent company, or from a third part home construction warranty company. Many people purchase a warranty from a third party company to supplement the warranty that is provided by the home builder. .
What Does a Home Construction Warranty Actually Cover?
Most warranties covers defects in the material that is used and the workmanship of the construction of the home. For example, cracks in the flooring, paint chipping, light fixtures not working properly, bathroom fixtures not draining, leaks in the water piping, issues with heating and air conditioning system, etc. One thing to keep in mind is that a home construction warranty does not cover damage caused by the home owner. Example of this are, knocking a hole in the sheetrock while moving furniture, causing a problem with the electrical system while attempting to install a ceiling fan or light fixture yourself. .
While you are in the determined time of the warranty it is best to call the builder first before attempting to correct or repair an issue in the home. Now this does not mean that you should call the builder every time a small issue comes up. It is best to keep a copy of the warranty in a place where it is easily accessible. This way you can find it and read to see if the problem you are having is covered by the warranty. When an issue comes up, and after determining that it is covered by the warranty, you need to call the builders warranty contact and schedule a time for them to enter the home and make the necessary repairs. It would be a good idea to schedule the work for a time when you can be at home to meet with the workers and make sure that the repair is done to your satisfaction, otherwise it will turn into a problem trying to get the work done for a second time.
Obtaining a home construction warranty is a very wise idea. Let’s recap…
Home Construction Warranty Overview:
1 Home construction warranty is a promise from the home builder to the customer to repair or replace and defective item without a charge for a certain established amount of time.
2. When entering into a home construction warranty agreement it is very important to make sure you know what is covered.
3. A home construction warranty can be purchased from an independent company.
4. Warranties usually covers defects in the material that is used and the workmanship of the construction of the home
5. Call the home builder before attempting to correct or repair an issue.
I hope this helps you. Be sure to download the free New Home Steps Guide above on the right, it’s fantastic and covers everything you need to know about home building. Good luck with your new home building goals.