Not all home warranties are created equal. Depending on whether you decide to buy used, new, or custom, your next home could have a home warranty decidedly different from others out there. As a new home owner, the last thing you want to worry about is whether or not something is going to break or malfunction soon after you move in. With custom homes the chance of something going awry is lower than buying used; however, that doesn’t mean that you don’t need a generous home warranty regardless.
What does a Typical Home Warranty Cover?
Different plans have different coverage, but generally they work the same way. If an alarm system goes down or an appliance stops working, many times these situations are covered by the warranty. Repair of the faulty system or appliance is the first method of remedying the situation; however, if the problem is still not resolved, the home warranty company will replace the system or appliance at no cost to you.
How Much Does a Home Warranty Cost?
Many custom home builders offer warranties themselves, but sometimes new home owners must purchase their own. A home warranty is typically very inexpensive considering the protection and peace of mind it offers. They can be purchased for as little as $300-$400. They are prepaid for the upcoming year. If the warranty is ever used and repairs are needed, the home warranty company will usually charge a minimal fee for work done referred to as a “trade service fee”.
What May be Excluded from the Warranty?
Keep in mind that a warranty isn’t necessarily a cover-all. Some heavily used systems and appliances are not commonly covered. Outdoor items, faucets, pools, and washer and dryers can be a tough sell when it comes down to it. Additionally, some denial of payments can be the result of improper maintenance, code violations, unnatural wear and tear, and faulty installation of any number of appliances.
Our Promise to You
All CKC Homes come with a 10-year structural warranty that exceeds national and local energy requirements. We conduct continual, internal quality inspections throughout every phase of construction and utilize highly reputable third party inspection firms to examine the foundation, building frame, and final building.
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Sources
http://homebuying.about.com/od/buyingahome/qt/HomeWarranty.htm