When you purchase a new home, you receive a builder’s warranty. This is a guarantee from the builder that certain aspects of your home will be free of defects for a certain period of time. It is important to understand what is and is not covered under your builder’s warranty so that you can make an informed decision about purchasing a new home.
Builder’s warranties typically cover two main components: the structural elements of your home and the equipment and systems within your home. The structural elements of your home are covered for a period of 10 years, while the equipment and systems are only covered for 1 year. However, it is important to note that there are many different types of builder’s warranties, and coverage may vary depending on the specific warranty.
What Does a Builder’s Warranty Cover?
Structural Elements: The structural elements of your home are the load-bearing components that support the weight of your home. This includes the foundation, framing, roofing, and any other structural component of your home.
Equipment and Systems: The equipment and systems within your home include items such as the furnace, air conditioner, plumbing, electrical, appliances, and any other system that is required for the proper functioning of your home.
It is important to read your builder’s warranty carefully so that you understand what is and is not covered. Some builder’s warranties only cover defects that arise due to workmanship or material defects, while others will also cover defects that occur due to normal wear and tear. If you are unsure about what is covered under your builder’s warranty, you should contact the builder directly.
A builder’s warranty is a guarantee from the builder that certain aspects of your new home will be free from defects for a specified period of time. Builder’s warranties typically cover two main components: the structural elements of your home and the equipment and systems within your home. It is important to read your builder’s warranty carefully so that you understand what is and is not covered before you purchase a new home.