Are you thinking of having your dream house built from scratch? We don’t blame you. Having a house built—regardless of whether the latter is custom or production built—is one of life’s greatest experiences. If you have the budget to do so, it can prove to be incredibly rewarding, but to you and your family for many years to come.
When choosing which home builders to go with, there are a few things that you should always keep in mind. One such thing is whether or not they offer a warranty—and how long the latter lasts. Quite simply, a warranty—not to be confused with a homeowner’s insurance—is a contract between the owner(s) of a house and its builders. The contract states that the builders will provide discounted repair and replacement service on a home and its major components for a period of generally one year. Additional coverage can then be purchased. The latter can cost up to several hundred dollars per year.
So how important is the warranty, exactly? And why should you bother with it? For homeowners looking for peace of mind, a warranty is often the first step towards it. After all, the latter exists to protect a home against expensive and unforeseen repairs. For people who do not like to put aside some money in the event of needed repairs or replacements, buying a warranty is often the wisest idea. It is also a good choice for families that have completely depleted their savings to have their house built.
So to answer the original question, a warranty can be important, but it is not always necessary. Many people prefer to go with a homeowner’s policy. While both of these have their drawbacks, which people prefer tends to depend on a few factors—including their budget.