Build Company Warranty For Free

Unlike purchasing a second-hand home, most newly built homes come with warranty and insurance protection which usually lasts for ten years.

A structural warranty provides a written agreement between the home builder and the homeowner and clearly defines the builder's work-product obligations related to construction quality and continuing obligations. Under the agreement, the builder is the insured and the homeowner is the beneficiary.

Most builder warranties cover material and workmanship on a new home for one to two years, with coverage that lasts as long as 10 years on major structural elements.

A building warranty is essentially an insurance policy for newly built homes. The warranty is taken out by the builder or developer but is in place to protect you, the buyer.

As per Clause 14 (3) of the Real Estate Act, a builder is liable to repair or fix any damages brought to his notice by a homebuyer within five years from the date of possession, without demanding any further charges from the homebuyer.

A standard home builders warranty covers workmanship, distribution systems and building materials for one year after closing.The best builders warranties last up to 10 years and cover damage or defects to the major structural components of your home.

In a typical home builders warranty agreement, the home builder warrants that a new home will be free from qualified structural defects for a period of 10 years. Additional coverage is available for workmanship and systems. Learn more about the 10-year structural warranty from 2-10 Home Buyers Warranty.