With every investment, it is important to have a solid warranty set up that has the property’s security as its top priority. Despite having a high-quality building team taking care of your home, failures or adjustments are unpredictable and may arise in the future. For some peace of mind, it pays off to be prepared and to plan ahead of time when dealing with unforeseen circumstances. This article will explain what to be aware of with a new build warranty to ensure that it doesn’t put a strain on your personal funds.
Length Of Service Warranty
Once the property has been established, a new build warranty should legally serve a period of at least 6 years and include a mandatory 90-day service period. The warranty only caters for a short timeframe which means the wear and tear of the home, as it endures different seasons for the first time, isn’t actually covered. The varying temperature and weather conditions can damage materials, particularly during the early stages after the house has been constructed. For instance, there may be minor door adjustments that need to take place, broken windows to fix, and cracks appearing on materials as the cold and heat cause it to expand or shrink.
When comparing builders in the industry, it is important to seek out a service warranty that goes beyond 90 days and offers to extend their coverage to a full year. As adjustments that occur outside of the warranty can cost up to $400, consumers should be able to fully experience their place without the worry of having to take care of and pay for any minor fixtures.
The Scope Of Supplier Warranties And Their Conditions
The home’s entire structure relies on the quality of products and appliances that are installed within the space. Especially in kitchens and bathrooms, builders should be utilising trusted and established brands that have extended warranties in case of any faulty items. It is also essential to review the fairness of the warranty terms and for a good understanding of its starting date. With a new build warranty, some suppliers may begin from the time you get your keys instead of when the appliance has been installed. This can create some issues and misunderstandings regarding the overall coverage period.
Image: Houzz – Neil Norton Design
How To Manage The Claims Process
The lengthy journey of sorting out repairs and replacements can become quite time-consuming. Which is why asking your builder questions and raising concerns should be prioritised. Through uncovering what the service warranty claims process involves and how quickly they respond, you are able to be well-informed and know exactly what to expect when the time comes.
Also, make sure to have the builder’s contact details which will come in handy when following up on claims. Ideally, this can be done before construction or any documentation is finalised so you are able to get a feel of whether it is worth pushing through with this particular builder. It is also a good idea to enquire about the builder’s warranty team where you can evaluate if they are able to deliver the support and assistance that they promise in the new build warranty.
If you have any questions about new build warranties or more broadly about the home building process, including finding the correct house plan, builder or developer, then don’t hesitate to call us on 1800 184 284 or book a call online at a time that suits you.
Let us do the legwork for you.
- We’ll ask the right questions to better understand your needs
- We’ll create a recommended shortlist ideally matched to you
- We’ll answer specific questions or concerns related to home building, land purchasing or financing
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