Tuesday, January 23, 2018
- by Jay Bell, president, Home Builders Association of Greater Chattanooga
Buying a new home is one of the most important purchases youll ever make, but its also one of the most exciting. One great benefit of buying a newly built home is that it will often come with a home warranty.
You probably have a lot of questions about what to expect from a new home warranty, especially if youre a first-time buyer. Here are answers to three common to help get you started.
What is a new home warranty?
A new home warranty gives you limited coverage on home repairs for a set amount of time, but the scope and length of coverage will vary.
Some warranties will only cover deposit insurance and protect against major structural defects, while others are more extensive, covering defects in your homes heating and air conditioning, plumbing, windows, roofing, lighting, or even fixes to overly creaky floors.
You can often choose to upgrade from a basic package to a more comprehensive one, so if the warranty your builder is offering doesnt put your mind at ease, inquire about increasing the coverage.
What does a warranty cover and for ...