Benefits of a New Home Warranty

October 16, 2024  |  Warranty

According to the National Association of Realtors, homebuyers are looking for homes that don’t require a lot of renovation or upgrades. They want flex space that can be used as an office or home gym. They want a safe space to call home. These are a few reasons so many homebuyers turn to new home construction. New home construction allows homebuyers to select a plan that meets their personal needs without the hassle of renovating or updating. But what’s even more attractive is the new home warranty accompanying a new construction home.

Benefits of a New Home Warranty

1. Peace of Mind from the Start

A home warranty ensures repairs are covered, providing peace of mind so you won’t have to worry about unexpected costs.

2. Coverage From Top to Bottom

New construction homes come with a builder’s warranty, typically covering the structural components and certain systems for a set period. Holiday Builders provides a 10-year Limited Structural Warranty. In addition, Holiday Builders provides homeowners with a non-transferable warranty to cover everyday wear and tear. This one or two-year warranty* covers components such as electrical systems, plumbing, and appliances.

3. Saving on Costly Repairs

While new homes are designed with the latest materials and construction techniques, they’re not immune to malfunctions. High-quality materials can still fail or need repairs, which can be expensive. Repair costs can add up quickly if a major system like HVAC, plumbing, or electrical system goes on the fritz.

4. One Less Thing to Manage During the First Year

The first year of homeownership can be hectic as you settle in, personalize your space, and adjust to a new routine. The last thing you want is to juggle repairs on top of everything else. A home warranty helps by providing a streamlined process for managing repairs. Holiday Builders offers an online portal for submitting and managing warranty claims.

5. Enhances Resale Value

The “top to bottom” one or two-year warranty is non-transferable meaning it is good only for the original homeowner. However, the 10-year Limited Structural Warranty may be transferred to a new owner which could enhance resale value.

6. It Complements Homeowner’s Insurance

While homeowner’s insurance protects against major damage from fires, floods, or natural disasters, it doesn’t cover normal wear and tear or mechanical breakdowns. A home warranty fills this gap by covering repairs and replacements due to everyday use.

    7. Holiday Builders’ Coverage

*Holiday Builders offers two years of non-transferable coverage on all Cornerstone Collection homes and one year on Value and Inspire Collection homes.

Conclusion

A home warranty on a new construction home isn’t just about preparing for the unexpected; it’s about making life easier. From saving on repair costs to enhancing the home’s resale appeal, there are many advantages to having one. It provides an extra layer of protection, giving you the confidence to enjoy your new space without worrying about unforeseen expenses. Visit HolidayBuilders.com for more information on new home plans, prices and locations.

This post was written by Tina Suiter.