First, there are many different kinds of warranties available to consumers when they purchase their homes. A manufacturer’s warranty is usually issued by the company that actually built the home, and it entails that anything that was installed or done by that company will be covered.
Secondly, there are also overall warranties that are issued at the time of closing on your new-construction home purchase. These warranties are issued by third parties in order to cover items related to various aspects of your new-construction home including electrical installations, plumbing, heating and cooling systems, etc.
Finally, it is important for you to have some form of warranty protection on your own after-closing purchase. This warranty can be extended to cover items that are important but not necessarily installed by the original home builder.
For example, if you decide to upgrade your plumbing fixtures or appliances soon after moving in, it is advisable for you to consider purchasing an added warranty on these items because they were not part of the original installation, and because they are important to the health and safety of your family.
In order to obtain warranty protection, you should carefully read all forms that are given to you at the time of closing on your new-construction home purchase.
You may want to make a list of items that need warranty coverage, ask any questions you have about the warranties offered, and then read every word of your warranty paperwork so that you will know exactly what you are getting.
One other item to consider is recording your warranty with the county where the new construction home is located. Recording your warranty gives notice to future parties of any work done by a subcontractor for your builder, and if this warranty work can be done by someone else, it may also save you some money on repairs in the future.
Make sure that your new-construction home comes with a warranty, and that all of the warranties are recorded properly. With good coverage on your new home’s warranty, you can rest assured that your investment will be well protected.
There are many different kinds of warranties available to consumers when they purchase their homes, including manufacturer’s warranty, overall warranties covering items at the time of closing on a new-home purchase, and after-closing purchase warranties for upgrades made by homeowners.
Most importantly, it is advisable for customers to get warranty protection on their new-home purchase and any upgrades made.
In order to be covered, warranties should be recorded with the county where the home is located.
Customers should carefully read all forms given at a closing time in order to make sure they understand what they are buying.
Having good warranty coverage on your new home purchase will help protect your investment.
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