Warranties for Newly Built Homes

By: Alan Aptheker
It is more than likely that the most expensive purchase you will ever make is your new home.  Buyers of new construction have that home warranty top-of-mind when considering a new home, and it’s a good idea to pay attention, read the fine print. In fact, if you’re buying a new home, it’s a good idea to look beyond just what that home warranty covers.   You should go into the process knowing how you would make a claim, and what’s the resolution process in the unlikely event of a dispute? All home warranties are not created equal. Many are backed by the builder; others are purchased by the builder from an outside independent company that assumes responsibility for claims. Some homeowners like to…