When you move into a new custom home, you likely expect that all of the systems and appliances will work properly – and that they will do so for a while. Unfortunately, though, the reality is that some of these items may be faulty and in turn, require repair or replacement.
Yet, while some may carry at least a limited warranty, what happens if the time period has expired? This is when a home warranty could save you a great deal of money on out-of-pocket expenses – and provide you with peace of mind.
A home warranty differs from your regular homeowner’s insurance in that the former will pick up the cost of various appliances and home systems (like the furnace and water heater) due to breakage from normal wear and tear. These types of warranties can typically be purchased for any type of home, old or new.
Regular homeowner’s insurance, on the other hand, can provide coverage for damage and destruction that comes from natural disasters (such as storms), as well as fire, theft, and vandalism.
Further, both of the above coverages are different from a home builder warranty. These types of warranties are oftentimes included in the sale of the newly built home, and they can provide coverage on workmanship and materials, such as drywall, tile, and windows, as well as on distribution systems like plumbing and electrical.
Before you move forward with building a new custom home, it is important to make sure that unexpected and unintended costs are covered. Talking with a new home builder can help to get your questions answered.
If you are planning to build a new custom home in Orlando or the Central Florida locale, contact us and schedule a time to talk with a home building expert who can assist you with getting the information that you need.