New home builder warranties can be intimidating; nonetheless, having a good grip on how they work is important to avoid future headaches. Keep these helpful hints in the back of your brain, and it should alleviate some of your concerns. Image via www.rigleyrealtygroup.com Builder warranties often cover materials workmanship for 1 - 2 years for a new home, and coverage generally lasts up to 10 years on anything considered major structural elements. Your state Attorney General Office or contractor licensing board is a good place to check that the builder you are working with is offering you the warranties that are required by law. Many states now have laws that are being put into place that change the general 1 year warranty coverage to 2 years, covering materials and workmanship. Some are even adding more time to warranties for defects in electrical, plumbing, HVAC, structural defects, water damage, etc. Sometimes, home buyers are coaxed into signing what i...
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