Builders warranty on new homes

A builder's warranty is a written guarantee provided by a home builder that covers defects and deficiencies in a new home for a certain period of time. The warranty typically covers repairs and replacements for defects in materials and workmanship, as well as certain systems and components of the home.

Here are some common features of a builder's warranty on a new home:

  1. Duration: The warranty typically lasts for a certain period of time, such as 1-10 years, depending on the builder and the type of warranty.
  2. Coverage: The warranty covers defects and deficiencies in the home's construction, including materials and workmanship, as well as certain systems and components, such as:
    • Plumbing and electrical systems
    • HVAC systems
    • Roofing and siding
    • Windows and doors
    • Insulation and drywall
  3. Exclusions: The warranty may exclude certain items or areas from coverage, such as:
    • Normal wear and tear
    • Damage caused by neglect or misuse
    • Cosmetic issues, such as scratches or dents
    • Items not installed by the builder
  4. Repair and replacement: The builder is responsible for repairing or replacing defective or damaged items, as needed.
  5. Notification: Homeowners must notify the builder of any defects or issues in writing, usually within a certain timeframe (e.g., 30 days).
  6. Inspections: The builder may conduct regular inspections to identify and address potential issues before they become major problems.

Types of builder's warranties:

  1. Standard warranty: A basic warranty that covers defects and deficiencies in the home's construction.
  2. Enhanced warranty: A more comprehensive warranty that covers additional items or provides longer coverage periods.
  3. 10-year warranty: A warranty that covers defects and deficiencies for 10 years, which is common in the industry.
  4. Lifetime warranty: A warranty that covers defects and deficiencies for the lifetime of the home, which is less common but provides long-term peace of mind.

When purchasing a new home, it's essential to review the builder's warranty carefully to understand what is covered, what is excluded, and how to file a claim.