Reason 23 - The Agent Helps You Get Underway In New Home Warranty Programs

Getting into a New Home Warranty program, which is now an emerging activity that property owners are demanding from their sellers, will surely give you advantage. Because this program is quite new in a number of localities, it is advisable that you (as buyer) will request details from your seller, with the help of your real estate agent.

In most cases, he builder or developer of the property will provide the buyer or new homeowner a warranty contract upon signing the deal. This new home warranty program helps you in resolving possible disputes between the house builder or the seller and the new home owner.

Coverage of new home warranty programs may be designed to serve the interest of the new occupant of a house, for example. The warranty usually begins on the day of possession and expires on the first or second anniversary of the purchase date. Times and coverage of the warranty contract may vary depending on the builder’s style and preference. Before signing any contract, you make sure to review carefully the details of the warranty program your builder has designed. You may discuss this personally with your house builder or developer to get clearer and concrete information.

Structural warranty coverage, on the other hand, usually begins on the first day of the possession and continues up to five to ten years, depending on the builder and service provider’s contract. You must examine the details of this particular component.

There may be items that are not included in the warranty program. You should identify and go over these items carefully. This may include the works, designs, materials and anything that is installed or provided for to the homeowners; damages due to improper maintenance; alterations that is performed after the sale was signed; normal wear and tear of the house; damages due to calamities; damages done by government authorities; damage caused by the owner himself; normal shrinking and settling of materials, and the like.

Also, aside from the above-mentioned specifications, the service provider may provide you with the list of possible violation of rules and other activities done by the owner.

Depending on the exposure period stipulated in the warranty service program, the new homeowner can request for help and demand for service, provided it is within the warranty period.

Usually, well within or during the first 30 days after possession, any defect or deficiency found during this pre-possession period should be relayed to the home builder. Beyond the 30-day allowance, this kind of warranty will not be honored anymore.

Thus, it is important to make a thorough ocular inspection before occupying your newly bought house and to see to it that all fixtures are in place and of better quality.Mutual understanding in the new homeowners warranty program should be established to avoid disagreements in the future.

Buy, Sell, Rent, Invest, In Singapore

Mindy Yong 杨雯诗

CEA Registration Number : R021232Z

Tel: (+65) 91002985
Fax: (+65) 64021826

mindy@mindyyong.com

KF Property Network Pte Ltd
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