The 5 Year Itch: Still in Love or an Awkward Silence?

By
Home Inspector with EKAN Home Inspection CPBC #69177

Roof leak slowing rotting soffit

Photo: roof leak slowly destroying wooden soffit.

Now that I’ve got your attention, I’m here to remind new homeowners in British Columbia that after living in their new home for 5 years, they are coming up to the expiry date of their building envelope warranty. I’m sure there are similar new home warranties in the United States.

 If the homeowner is still in love with their castle then they will be on top of it. However the majority of owners do not even remember that they have a warranty.

What’s Covered   Here in BC, the building envelope warranty is good for 5 years.  When I do this inspection I’m looking for both defects and actual evidence of unintended water penetration resulting in material damage.

When to Inspect  Obviously before the 5 year anniversary date and at least 6 weeks before expiry to allow for claim processing. 

Sad & Sorry   Most home owners forget altogether about this warranty, which they have paid for in the purchase price and it lapses unchecked and unclaimed.

Do Not Wait    There’s no reason to wait 5 years. If you identify a defect within the warranty period, then submit a claim against it. Otherwise you risk allowing the damage to increase.

2 for 1 Deal   In BC, the new home warranty also covers structural defects for 10 years. So when I’m called in to do the 5 year inspection, I also inspect the structure at the same time.  

Don’t let the warranty lapse. Get a professional inspection. If there is a legitimate claim, the repairs are made at “no charge”. Image that! 

Posted by

www.ekan.biz

EKAN Home & Property Inspections

Sunshine Coast, North Vancouver, West Vancouver 

Comments (4)

Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Hi Eugene Kanciar!

Thanks for a great series of posts featuring great advice about things to consider when purchasing a property - and the value of a home inspection by a professional such as yourself!

We like your writing style!

We wish you great success with your blog posts and networking with other members of Active Rain!

We clicked the “Follow” button on your profile so that we will be alerted to your future blog posts and can read and comment on them, and we invite you to "follow us" - should you be interested. There is no requirement or obligation for you to do so, but we would be honored if you choose to do so!

Aug 14, 2016 01:54 AM
Eugene Kanciar
EKAN Home Inspection - West Vancouver, BC
Our Experience, Your Peace-of-Mind

Hi Tony & Suzanne,

Thanks for your feedback! I hope this article reminds realtors and homeowners to check for any remaining new home warranty coverage. 

 

Aug 15, 2016 03:03 AM
Garreth Wilcock
Sherlock Homes Frisco - Frisco, TX
Sherlock Homes Frisco

Great content, Eugene! Helpful reminder! Thanks for sharing!

Aug 15, 2016 09:12 PM
Eugene Kanciar
EKAN Home Inspection - West Vancouver, BC
Our Experience, Your Peace-of-Mind

Thanks for the feedback Garreth!

In BC all new homes come with a mandatory 1-2-5-10 year warranty:

  • 1 yr covers all labor and material
  • 2 yr on mechanical systems
  • 5 yr on the building envelope (water penetration and damage)
  • 10 yr against structural failure

It pays to know the particulars of your state or provincial new home warranties.

Aug 15, 2016 10:59 PM