Closing the gap between homeowners and builders can be a challenge, especially when it comes to disputes over warranty claims. In this article, we'll explore the importance of home warranties for new constructions and help you make an informed decision about whether you need one.
Home warranties are agreements between homeowners and builders that cover damages or defects in the construction process. These warranties can provide peace of mind and financial protection against costly repairs or replacements down the line. In many countries, including Australia, New Zealand, and the UK, building codes require builders to include a warranty clause in the contract.
Here are some reasons why home warranties can be beneficial for new constructions:
The type of home warranty you need will depend on your specific situation and location. In general, a builder's standard warranty will cover repairs or replacements for defects in the construction process up to a certain period, usually 1-5 years.