When you purchase a new build home in New York, you are safeguarded by an “implied warranty” that lasts for up to six years. However, builders are allowed to modify this warranty with the buyer's consent. The workmanship warranty covers the fit, finish and materials used in the construction of the house and commences on the day of closing. It is essential to comprehend what is covered by this warranty so that you can protect yourself from costly repairs due to poor workmanship or defective materials.
Most new homes come with a new home warranty that is either financed by the builder or through a third-party warranty company. This differs from a home warranty that you can purchase on your own and is specific to new homes and renovations done by a builder. It is important to review the best home guarantees for a new construction so that you can save money in the long run. A home warranty does not usually cover gardening problems, but it can provide protection against a number of unforeseen issues, such as roof leaks, electrical problems, or appliance and system breakdowns.
A separate home warranty can also be beneficial for home appliances and systems once they are no longer covered by the builder or manufacturer. Most new home warranties do not cover out-of-pocket costs resulting from a major construction defect or warranty repair. It is essential to understand what is covered by your new build home warranty so that you can protect yourself from unexpected costs. HBW offers between 2 and 10 structural guarantees for new buildings that can help protect your business and add valuable points of sale.
Additionally, a separate home warranty can be useful for home appliances and systems once they are no longer covered by the builder or manufacturer.