Did you know that a builder in the state of Oregon is required by law to supply a buyer with a home warranty? The new home warranty under Oregon law is covered under (ORS 701.320).
The warranty can either be supplied by the builder or by a third-party warranty. The warranty is put in place to repair or replace faulty work or workmanship. This doesn’t include repairs from the home owners neglect.
What are included in the 1-3 year major systems of the home warranty?
- plumbing
- electrical
- heating
- air-conditioning
What is included under the structural defects?
- Foundation
- studs beams
- Joists
- This may not be limited to just these items
When you are going to be and or under contact with a builder, the home warranty will be signed prior to moving forward with the transaction. The buyer has the option of either accepting or rejecting the warranty. Most buyers chose to have a professional home inspection of the property. The inspection report is giving to the builder to “blue tape” any defects found during the home inspection. The builder can have determined amount of time to complete all the repairs found during the inspection. If you are interested in purchasing new construction home or would like a list of new home, please let me know. I am happy to provide this information for you.
