With the recent rise in new constructions it is a great time to review some new construction basics regarding warranty. Contractor Problems are one of the largest numbers of complaints received by the Better Business Bureau. These types of stats makes it important that you are knowledgeable and informed about how to insure that your Columbus area home remains the dream that you fell in love with, and does not become your worst nightmare. Listed below are a few things to pay attention to in order to make sure your contractor doesn't end up as your complaint:
Understand what your Warranty Covers
Basically there are two types of warranties. The first is called an express warranty, and is given to the buyer by the contractor. The usual time frame for this warranty lasts between one to ten years, with one year being standard and the most common. Everything from minor cosmetic flows to major defects is generally covered.
An implied warranty that lasts seven to ten years and basically states that the residence has to be habitable. This is the second type of warranty and the specifics can varies depending on the state you live in. To have your defect covered by this warranty, you have to be able to prove that it's a health or safety hazard. If you have concerns in this area it is advised that you seek an attorney that can interpret the legal process and remedy...
Not All Defects are ‘Defects'
Not all defects are reasons to sound the alarm. There are specific rules that determine whether or not a defect qualifies as something that must be addressed. An example would be a small crack in the interior of your new Columbus area would be considered to be a normal defect. Cracks that would need to be repaired are those longer than 3/16 of an inch, according to the National Association of Home Builders'® guidelines for performance. Although pesky, hammer marks or nail pops only count if you can see them from more than six feet away.
Document Document Document
After a real defect has been identified, document everything. Keep a log and take photos. Ideally this will be smoothly worked out by your builder but if it is not you will need your documentation should you decide to pursue other actions. For added peace of mind, you may want to hire an independent inspector or structural engineer, to give your house a full examination prior to closing and moving in.
Buying Brand New Columbus Area Home can be enjoyable when you work with a REALTOR® like me who has the knowledge and experience to guide you through the process. Call me today at 614-273-6406 or email me at Vanessa.simmons@realliving.com
LINKS:
Implied warranty - http://www.legalmatch.com/law-library/article/implied-warranty-real-estate-contract-lawyers.html
National Association of Home Builders - http://www.nahb.org/
Contractor - http://en.wikipedia.org/wiki/General_contractor
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