Build Footer Warranty For Free

Your new home comes with a 10 year structural warranty, meaning that the cost of fixing any damage caused by faults in specified parts of the home, usually the structural and weatherproofing elements is covered.

Ten years is the standard period for most warranty policies, with the first two years being defects warranty and the remaining term being structural cover. Although backed by the warranty, builders are initially responsible for putting right defects affecting new homes.

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 home builders warranty, also known as a structural warranty, is a contract between the home builder.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.

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.

Understanding the Builder's Warranty By enrolling a home with a full 2-10 warranty, the builder/seller is telling the buyer the home will be free from defects in the applicable workmanship and materials for one year, free from defects in applicable Systems for two years, and free from Structural defects for ten years.

A new build or new home warranty is a 10-year insurance policy for newly built or converted properties. Even though they protect buyers of new build homes from structural defects, they are actually taken out by the builder or developer.