I ask because in the past we’ve bought homes from large scale commercial builders who offered a year warranty for anything we saw.
The home itself on our walk throughs looks very well-built – the bathrooms are intricately tiled, excellent stone work in the exterior, huge patio, built-ins, etc. The investor said (and I verified) his home is built by the same team that built his. They’ve built many other great looking properties. Should I be worried? Thank you for your help.
Looking at a 3500 sqft/$1M home that’s built by a “custom” builder for an investor that’s being sold brand new. The agent for the seller has repeatedly deflected warranty questions by saying they offer a 2-10 Home Warranty (yuck). Is this normal for “custom” builders?
byu/CloudSurferA220 inRealEstate
Posted by CloudSurferA220
6 Comments
Location: Atlanta metro area
If you can afford a million dollar house you can afford to fix things too.
The warranty requirements are going to be local to your state.
But the 2-10 builders warranty program is pretty good and a pretty widely used program. Builders warranty programs are different than homeowner warranty programs. I don’t know why you say “yuck”.
But also you seem to be maybe conflating warranty claims with post closing repairs. Are you actually asking about if they will come back and do touch-ups and various little fixes for a year after closing? Because that is a completely different thing.
You need to clarify the language you are using when you speak to the agent/builder. You need to be super clear about what you are asking about.
Red flag. Any dodging of questions is always a red flag.
I’m an independent builder. I’m surprised they’re not giving warranties on hvac, plumbing, and electrical, because their subs should warranty that so doesn’t cost them, unless they do those in-house. The appliances might also have their own warranties. Structural warranty is likely required by law so that is on the builder himself.
2-10 is the worst!!! They refused to cover multiple issues I had. Fought them tooth and nail, they agreed to pay about 20% of what they should have. STILL waiting on the money 3 months later!!