Hi everybody, Lance Moore, and welcome! Today, we are on day number seven, the last day of the new home video training series. Today, I want to talk about home warranties and how to get the Builder to fix things after the warranty expires. So, let's get into it. Now, let's talk about how warranties work. Builders typically offer several warranties - one-year warranties, three to five year warranties, and 10-year warranties. The one-year warranty is offered by almost every builder. It covers pretty much everything in the home. If anything goes wrong within the first year, assuming it's not due to your own negligence, the builder will come in and fix it. My suggestion to you is to do a walk-through of the entire home around 11 months after you close. Note anything that needs to be fixed, like doors not closing properly or nail pops. Write them down and send the warranty card to the builder. Make sure you put a reminder on your calendar or appointment book. Next, let's talk about the three to five year warranties. These warranties cover the components of the home. For example, the refrigerator, microwave, garbage disposal, dishwasher, and HVAC system. Generally, these components come with a three to five year warranty. If anything goes wrong, be sure to fill out the warranty cards as soon as you receive the home. You can even do it online for confirmation. Now, let's address the 10-year warranty. This is often misunderstood by many homeowners. I have spoken to many people who have bought new homes and they say, "I have a 10-year warranty from my builder!" Well, not exactly. What actually happens is that the builder buys a 10-year structure warranty from a company called 210 Warranty for around $250 at closing. This warranty specifically covers the structure...
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Warranty of construction Form: What You Should Know
Contractor warranty forms are used as a documentation of how contractor have inspected, repaired and maintained the work. The contractor warranty form usually contains the following information: FIND A LOANER : FIND A LOANER: (Date) The following information in the completed contractor's warranty form is to be signed by the original Buyer(s) or Owner(s) of the property and further by the Buyer if he/she is the real party to the contract. DUBIOUSLY AND EQUIVALENT RENT APPLY: DUBIOUSLY AND EQUIVALENT RENT APPLY: (Date) For this information of warranty in full, write or stamp each paragraph below with a pen or similar tool. The contractor shall include and write/stamp each paragraph exactly as copied by the Buyer/Owner(s) and the Buyer(s) will mark the date the Contract is signed after having read the warranty (or other documents) signed by the Owner(s). F.  (5) Warranty of Maintenance of the Purchased Material — NHC If the building consists of purchased materials, you must obtain insurance if you are interested in buying a manufactured home. The coverage is as follows: a. Insurance on the purchased materials (per-unit coverage) FIND A LOANER : FIND A LOANER : (Date) b. Insurance on any property damage to the purchased materials (per-unit coverage) FIND A LOANER : FIND A LOANER : (Date) You must have one insured property for each unit and one property to insure per-unit (not per-room). As this might increase the cost of a purchase, you may find it easier (cheaper) to buy the insurance separately and get it applied in your purchase price. c. Insurance on the materials in the purchased manufactured home (per-contractor coverage) (Per-unit coverage) You must make sure your insurance covers a portion of the cost of the purchased manufactured home if, for example, the manufactured home is not completely paid for by you but by your insurance company. d.
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Video instructions and help with filling out and completing Warranty of construction
