The Risk of Buying a New Home Part 3
My last two post have been to inform home buyers of some risks in buying new construction homes. The risks that I have been pointing out are observations that I have made in homes that I have sold in the Cabot area. The last risk that I am going to point out is one that is hopefully not very common.
I have had a couple builders in the Cabot area become very difficult in honoring their one year builder warranty they offer with a new home. The builder warranty generally covers everything in the home for one year. The buyer is supposed to be prepare a list of problems, call the builder and they will come out and make the needed repairs. Since the recent downturn in the economy a few builders in the area have been difficult in honoring that warranty.
Luckily not all of the builders in the Cabot area are like that. The majority of them honor the warranty and follow through with the repairs. I did not write these past posts to discourage anyone from buying a new home. More often than not, buyers will buy a new home in Cabot and not have any of the problems mentioned in these posts.
I feel it is part of my job to make people aware of the possible risks that are associated with buying and selling. There are several risks in buying an existing home also. That is for another post though. I hope this has helped to inform potential buyers of what could possibly happened when buying a new construction home.
Good day