Different Home Builder Warranty Programs in Colorado
A one-year warranty for a home builder typically covers defects in workmanship and materials that arise within the first year after the home is completed. It may also cover certain systems and appliances that are installed by the builder, such as heating and air conditioning systems, plumbing, and electrical systems. The specific coverage will vary depending on the builder and the terms of the warranty, so it’s important to review the warranty carefully to understand what is covered. It’s also a good idea to keep track of any issues that arise during the first year and to report them to the builder in a timely manner so that they can be addressed under the terms of the warranty. Often builders will exclude appliances from a home warranty and refer the buyer to work directly with the manufacturer through their warranty program should an issue arise.
Typically cosmetic items are noted at the final home walk through and addressed in the weeks prior to closing and any exceptions for incomplete work are noted and put on a closing exceptions form to be handled after closing. Most builders will not warranty dents in appliances, scratches to hard surface materials, or landscaping after a new home buyer has moved in but will address items like paint touch up and grout.
Some builders offer an extended two year home warranty for behind the wall systems like heating and air condition systems, plumbing, and electrical systems.
Some builder offer what is called a 2-10 builder home warranty to protect homeowners against defects in the construction of their new home. The 2-10 builder home warranty often covers the items listed above plus appliances as well as a 10 year warranty of structural elements.
If you are considering purchasing a new home, it’s a good idea to ask the builder about the available warranty options and to understand the terms and conditions of the warranty before making a purchase.