When building a new construction, it's essential to consider the cost implications. One aspect that can significantly impact your budget is home warranties. A home warranty covers repairs and replacements for major home systems and appliances, providing peace of mind and financial protection.
For new constructions, home warranties are particularly important due to the high upfront costs of building a new home. Additionally, the materials and labor involved in construction can be expensive. Without a home warranty, you might find yourself paying for repairs and replacements out of pocket.
Here are some scenarios where homeowners might need home warranties: (1) when purchasing a home that has major system failures or damage; (2) if the builder or contractor fails to perform required inspections or maintenance; (3) if the property is subject to natural disasters like earthquakes, hurricanes, or floods.
Home Warranties for New Constructions
Source: Icharts.
https://www.icharts.org/home-warranties-for-new-constructions/
While home warranties might seem like an unnecessary expense, they can provide a sense of security and peace of mind, especially for high-end or custom constructions. By investing in a home warranty, you can protect your investment and ensure that your new construction is built to last.