New Construction: Avoid One Big Headache: Get A Warranty

October 12th, 2007 categories: New Construction, Real Estate News, Regulations and Red Tape

Tkohomes_r3_c3 Does Idaho Statute require a one-year warranty on all new construction in Idaho? This is one question that I have been asked several times and have gotten different answers for. So I thought I would get the official answer.

According to the Idaho Real Estate Commission’s July 2007 issue of the Real Estatement “ There are no one-year warranty required by statute.” It does go on to clarify that there are certain warranties that go along with a builder’s membership in different associations and there are warranties available through third parties.

For a warranty to be an included as an enforceable part of the purchase and sale agreement, the agreement must either expressly state the terms of the warranty or specifically reference a separate document that outlines what the terms of the warranty are. Unless a warranty is sufficiently identified in the agreement, it will not be an enforceable term of the sale.

So before you buy a new house, be sure you see,read and understand the builder’s home warranty. And then be sure it is included in the purchase and sale agreement.

I have found the larger builders such as Corey Barton, and Hubble homes have the one year warranties down to a science. Their success depends on the recommendations of their clients. This is an example of a warranty from TKO Custom Homes. They have been doing business in the Treasure Valley for years and are known for their great customer service. TKO Custom Homes Warranty

The best warranty is to talk to home owners that have used a particular builder and get some feeling for how well they were taken care of. In my mind that is more important that anything on paper.

Tags: new+construction, TKO+Custom+Homes, home+warranty