Here’s What Your New Construction Builder Warranty Covers
If you’re buying a new construction home, you need to be familiar with your warranty. The builder warranty is very important but it covers things you may not realize — and leaves out some you may not realize.
First, it’s important to understand the difference between a builder warranty and a home warranty. To sum it up, a builder warranty covers new construction or possibly a remodel by a builder. On the other hand, a home warranty comes to homes that aren’t newly built. These usually cover appliances and systems like electric, plumbing, etc.
Now that you understand the difference between these two warranties, you should get to know your builder warranty. According to Realtor.com, a builder warranty can last anywhere from six months to two years. Every builder warranty is different but things like shingles, landscaping, waterproofing and insulation are typically covered. Doors, windows, glass, garage doors, paint and electrical are also usually covered.
It’s also important to understand what is typically not covered by your builder warranty. Your home appliances, paint fading and insect damage are just a few. The full list is at the link above.
Familiarize yourself with these lists before closing on your new construction and ask your Synergy Realty Network agent if you have any questions. You’ll be glad you did.