It is important to make sure you chose the right builder; if your builder is in financial trouble and goes out of business you may find your warranty is worthless. Choosing the right home builder is the best place to start to make sure you aren’t left with problems later on that will cost you money to fix.
There are also third-party warranties available when building a home that will ensure you are covered for repairs if your builder won’t fix any problems. However, by choosing the right builder to do your renovations or build your home, you won’t need to resort to third party warranties.
If possible, ask your builder for the contact details of their previous clients to ask them about their experience with your builder. Don’t forget to ask whether they have made any claim under the warranty and see what their experience was like. If your builder isn’t prepared to introduce you to these clients, consider whether you can trust what tem; it may be better to find a builder who is happy to talk about their past projects.
Before you sign off on any completed construction, make sure you have checked for any problems that may cost you extra money. If possible ask an independent building inspector to come and view the construction. The cost of an inspection could end up saving you thousands of dollars in the long run if you have signed off on faulty building work.
As a general rule of thumb, the shorter a warranty contract is, the less clauses and confusing loopholes exist. A shorter contract is a better contract as it is straighter forward and will generally cover more liabilities.
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