Warranties generally cover the physical structure and mechanical systems of the home. Builders will usually warrant the physical structure for one or two years. Some builders offer warranties of up to ten years. In any case, make sure you find out exactly what is and isn t covered and the process for fixing a problem. Pay particular attention to coverage for things like foundation cracks, nail pops, defective siding, and leaky windows.
Warranties cover electrical, plumbing, and heating and cooling systems.
Be sure to collect and inspect the warranties for these systems as well as for all appliances that may be included in the sale. Find out if the builder will replace any items that are defective. A Northeast Home Mortgage account executive can help you understand the unique financing considerations associated with new home construction. Our One-Time Close program offers many features to provide you with greater control over the process.