Builder Warranties vs. Home Inspections: What’s the Difference?
You will require several factors when buying a newly built home. Two such factors are home inspections and builder warranties. We know there must be a couple of questions coming up in your head right now regarding these, such as, “Do I need a home inspection for a new build home?” and “Aren’t builder warranties and home inspections the same?”, well, if we were to answer both of these questions in just one word then we will say, “yes” and “no” respectively. But don’t worry; further, we will explain the difference between builder warranties and home inspections in detail and why you require a home inspection even for a newly built home.
What Are Builder Warranties?
Considering builder warranty is essential when you are buying a newly built home. As to define builder warranty, as the name suggests, it is a guarantee the builder gives that the home doesn’t uphold any defects or flaws and issues for a certain period (the builder specifies this time in the warranty). This builder warranty specifies a list of different features on and in the house. Furthermore, the lifespan of a builder warranty also depends on several different features of the house. The typical builder warranty usually lasts six months, two years, or up to 10 years. When it lasts up to 10 years, the warranty specifies “major structural defects.” It is also important to note that once a builder provides you with a builder warranty, ensure that it covers only a limited list of features within the house.
What Are Home Inspections?
As mentioned above, it is important to schedule a home inspection even when buying a newly built home. A home inspection Phoenix AZ, is a visual examination of the house you are about to buy; this includes its mechanical and structural features. Precisely, a home inspection aims to uncover issues with the home itself. Even though the inspectors won’t say for themselves whether you are getting a good deal out of your home, and neither will they pose an opinion on the sale price, after getting the inspection report in hand, it will be easier for you to determine both yourself.
A home inspection is the perfect way to help you ensure that you are aware of any issues before closing your deal for your new home. It is the best tool that lets you make informed decisions and make your investment worth it. With the help of a home inspector, you will be able to identify potential issues and also get a better idea of the ongoing maintenance that will be required by the property, saving you thousands of dollars in the long run. Hence, we answered “yes” to your question: “Do I need a home inspection for a new build home?”
What Do Builder Warranties Cover?
Builder warranties often cover a variety of components and features of a newly built home. These warranties aim to give homeowners assurance and protection from flaws and problems that could occur in the first few years of residence. Here is a list of what most builder warranties cover:
- Structural Warranty: This is an essential part of almost all builder warranties. It encompasses the house’s foundation, load-bearing walls, and structural integrity. The builder is responsible for the repairs if structural flaws or issues are within a specified period (often ten years).
- Mechanical System: The key mechanical components of a house, including the HVAC (heating, ventilation, and air conditioning) system, electrical system, and plumbing, are frequently covered by warranties. The builder is responsible for fixing any issues with these systems that arise while they are within warranty.
- Workmanship and Materials: For the first year or two, builders often offer coverage for both workmanship and materials. This includes problems with the construction process and flaws in the materials used to finish the interior and exterior.
- Major Appliances: On major appliances put in the home, like stoves, ovens, refrigerators, and dishwashers, some builders offer warranties. These warranties might not be included with those offered by the manufacturer.
- Water Intrusion: Numerous warranties cover issues with water intrusion, which can result in damage and mold issues. Normally, all water-related problems must be resolved by builders within a predetermined time frame.
- Roofing: Roofing warranties might vary, but they frequently cover flaws or issues with the roof’s installation and components. Typically, these warranties last for several years.
- Exterior Components: Items like doors, windows, and insulation fall under this category. Builders might offer a warranty for these parts, mainly if it turns out that they are faulty or do not meet industry requirements.
- Home Systems: Builder warranties frequently cover exterior components, including siding, paint, and trim, for a set period. This coverage ensures the home maintains its protection and appearance from the elements.
What Do Home Inspections Cover?
Home inspections are essential in home-buying and are meant to provide potential buyers with a thorough evaluation of the property’s condition. Below is what a standard home inspection Phoenix AZ, includes:
- Structure: Inspectors examine the home’s overall structural integrity, including the foundation, walls, roof, and attic, checking for any apparent damage or concerns.
- Plumbing: Inspectors evaluate the plumbing system for leaks, water pressure, and drainage issues, including a check of the sinks, toilets, and showers.
- Electrical Systems: To ensure everything is secure and working properly, inspectors inspect the electrical wiring, outlets, switches, and electrical panel.
- HVAC: The heating and cooling systems will also be examined to ensure they are functional and in good shape for comfort and energy efficiency.
- Roof and Attic: Inspectors inspect the attic for proper insulation and ventilation, as they are crucial for preserving your property and the roof from damage and leaks.
How Much Does A Builder Warranty Cost?
Once you sign a contract for a newly built home, you are often provided with a builder warranty from the developer or builder. Even though you get the coverage with the warranty for a specific period, it is still not enough to protect you and your loved ones from every potential issue within your home. At the same time, it is sometimes not as effective as homeowners insurance. As far as we are concerned about the cost of a builder warranty, it is usually included in the price you pay for your house; hence, it doesn’t come with any monthly costs.
How Much Does A Home Inspection Cost?
There are many factors on which Phoenix home inspection cost is dependent, such as the size of the home, what you want to inspect, and where you live. As per the U.S. Department of Housing and Urban Development, home inspection costs can range from $300 to $500. To have the exact home inspection cost, consider the above mentioned factors.
With the help of a thorough home inspection Phoenix AZ, you will be able to ensure that you have an awareness of the issues before you end up closing the deal for the newly built home and later make informed decisions regarding the maintenance and upkeep of your home.
Ready to ensure the safety and integrity of your future home? Contact AJF Engineering today for top-notch home inspection services. Peace of mind begins with a thorough inspection. Schedule yours now!