25 June 2024

Understanding New Home Warranties

By Build Zone
new home warranties

A New Home Warranty is a structural warranty designed specifically for newly constructed properties (built within the last two years). It protects against structural issues that might arise due to defects in design, materials, or workmanship.

One of the paramount concerns for developers and buyers when building new homes is the assurance of quality and durability. This is where new home warranties come into play, providing a critical layer of protection and peace of mind. In this article, we’ll explore what new home warranties are and how our policies can benefit housing developers.

What are New Home Warranties?

New home warranties or structural warranties are insurance policies designed to protect against defects in the construction of a new home, particularly those that affect the building’s structural integrity. These warranties cover major structural defects for a specified period, typically ten years after construction. They are essential for safeguarding homeowners against significant repair costs due to structural failures caused by poor workmanship, design errors, or materials defects.

Key Components of Build-Zone Structural Warranties

  • 10-year residential development structural warranty, backed by financially secure A-rated insurers
  • No membership or registration fees
  • Accepted by the majority of lenders in the UK and an associate of UK Finance
  • Fast quotation turnaround
  • Quick response from professional, nationwide technical auditing/survey service
  • Flexible payment method
  • Full risk transfer in years 3-10 of cover
  • Cover available for new build, conversion, social housing, build-to-rent, major projects and mixed-use developments.
  • Cover as standard for alternative accommodation, additional costs, removal of debris and professional fees.

Tailored Warranties for Housing Developers

Build-Zone is a recognised provider of structural warranties and has carved a niche in the market with our comprehensive coverage options tailored for housing developers. Here’s how we can help:

Our warranty programs start with detailed risk assessments during the design and construction phases, reducing the potential for defects post-completion. This proactive approach enhances the quality of construction and instils confidence among prospective homeowners.

Understanding that different projects have different needs, Build-Zone offers customised warranty plans. Developers can tailor the coverage to align with specific project requirements and risks, ensuring more precise protection and cost-effective pricing.

A new build warranty can significantly enhance a developer’s marketing proposition. Knowing that the property is backed by a comprehensive structural warranty makes it more attractive to buyers, potentially speeding up the sales process and improving customer satisfaction.

Build-Zone supports housing developers with access to expert advice throughout the construction process. This includes technical audits, construction quality reviews, and compliance checks designed to ensure that building standards are met and exceeded.

Financial Security

A significant benefit of partnering with Build-Zone for developers is the financial security we offer. Our warranties are backed by ‘A’ Rated insurance companies, which means they have long-term financial strength, giving you complete confidence in your cover.

For housing developers, navigating the complexities of construction and ensuring long-term satisfaction for homeowners are crucial aspects of their work. New home warranties play an essential role in this process. They provide security against structural defects and enhance a developer’s reputation by demonstrating a commitment to quality and customer care. By choosing a specialist warranty provider like Build-Zone, housing developers can ensure projects are risk-averse, compliant, and appealing to modern homebuyers.

When a new build changes hands from the seller to the buyer, our new home warranty seamlessly transfers to the new owner. This provides the confidence that their new home is protected against structural issues for the first ten years following completion.

 

 

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