The first thing my real estate agent impressed on me regarding my new-construction home in Atlanta, GA, was to hire an inspector to come back at various stages of construction to review the progress. But just as important as those periodic inspections is getting a builder’s warranty for your new home. My builder offers five-year or 20-year warranties that cover workmanship, garage doors, heating and air, plumbing and electrical, light fixtures, roofing, structural elements, and more. That’s enough coverage for me. But if I decide I want more coverage, such as for appliances or the garbage disposal, I can buy my own additional warranty closer to move-in time — and I just might! Here are three reasons why all new-home construction should come with a warranty.
Now that you know why it’s best to get a warranty for your new home, how do you go about getting one? Step one: Ask your builder (before work starts!) if a warranty is included. “A lot of times, the new-home builder will pay the [warranty] fee for the buyer,” Ranish says. If not, you can buy your own warranty for a few hundred dollars, he says.
Warranties are usually divided into different terms, such as a one-year warranty to cover materials and labor; a two-year warranty to cover plumbing, electrical, heating, and air; and a 10- or 20-year warranty that covers structural defects that include foundations and load-bearing walls.