Warranties on New Homes DC

New home warranties guarantee the work of a new construction home.

Local Companies

1st Metropolitan Mortgage
(202) 882-5626
743 Park Rd Nw
Washington, DC
AFS Mortgage Inc
(202) 232-8434
1715 Kilbourne Pl Nw
Washington, DC
D.C. Housing Finance Agency
(202) 777-1600
815 Florida Ave., NW
Washington, DC
1st City Mortgages Inc
(202) 722-6982
7600 Georgia Ave Nw
Washington, DC
1st Advantage Mortgage
(202) 726-9850
3551 Georgia Ave Nw
Washington, DC
Countrywide Home Loans
(703) 615-7355
5911 Kingstowne Village Parkway
Washington, DC
Fannie Mae
(202) 752-7000
3900 Wisconsin Ave., NW
Washington, DC
Academy Mortgage
(202) 396-5813
4215 Hayes St Ne
Washington, DC
First Washington Mortgage
(202) 625-1491
2233 Wisconsin Ave., NW
Washington, DC
Eagle Construction & Building Supplies
(202) 610-9978
2041 Martin Luther King J
Washington, DC

provided by: 

New homes typically come with a warranty.  When you build a new home, you expect the construction work to be of good quality.  A new home warranty helps ensure that.

What’s covered
You may be surprised that everything in the home is not covered with a new home warranty.  Most warranties for a new home cover any defects with the materials or workmanship for a period of one year.  Some new homes offer warranties that cover the plumbing, electrical, heating, cooling, ventilating, and mechanical systems for a two-year period.  This is usually known as an insured warranty.  Although the builder offers the warranty, the coverage is actually through an insurance company.  This provides more security for the new home owner.  If for some reason the builder goes out of business, the warranty is still good because the insurance company is providing the warranty.

When purchasing a new home, keep in mind that the roof and appliances are not covered by the new home warranty offered by the builder.  However, some builders do offer separate warranties on the roof, in some cases even a 30-year warranty, to make their homes more competitive.

What to do in case of problems
If something breaks or there is some problem with your new home, it is time to put the warranty to work.  Typically, the homeowner has to contact the builder in writing regarding the specific repairs that need to be made.  Some builders even have specific times to do this.  While it is common to have a 1-year review of the home to be sure everything is working, the nail pops in the walls have been repaired, etc., some builders will do this at a 30-day review, 6-month review, and a 1-year review.  Other builders will perform this at anytime throughout the first year.  Know the procedures used by your particular builder for your new home.

Before building a new home, it is wise to ask your builder questions about the home warranty available to you.  Be sure to find out how the builder expects you to contact them to have any repairs done, and don’t be afraid to use your warranty.  You have spent a lot of money building a home – use the warranty to make sure that it maintains its quality.

 

Published on February 15, 2007

Read full article at realestate.com

Featured Local Company

1st Metropolitan Mortgage

(202) 882-5626
743 Park Rd Nw
Washington, DC

Related Local Events
REALTORS Midyear Trade Expo - Midyear Legislative Meetings and Trade Expo
Dates: 5/12/2010 - 5/14/2010
Location: Marriott Wardman Park Hotel
Washington, DC
View Details

National Association of Housing and Redevelopment Officials National Conference & Exposition
Dates: 10/4/2009 - 10/6/2009
Location: Marriott Wardman Park
Washington, DC
View Details

EPEX Expo
Dates: 6/20/2009 - 6/21/2009
Location: Omni Shoreham Hotel Washington
Washington, DC
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History