The 2/5/10 Home Warranty

With the new 2/5/10 Home Warranty in BC, people will tell you that you do not need to get a home inspection! Why would you get a home inspection when the warranty is there to protect you and will fix everything that turns up wrong. (These same people may also tell you that all you need to spend on a home inspection is $300. More info about low-cost inspections.)

As you can appreciate most every deficient home was once marketed as a great new home. Defective homes are simply products that were; rushed to market; under funded/budgeted; built by unqualified tradespeople; or built by developers who were greedy or inexperienced.

I highly recommend that you identify the deficiencies and have the builder make the repairs prior to your moving in. At this point the builder is motivated to complete the project, make the sale and not have to think about it again. Once you buy it, repairs can be rather more difficult to get done. Have fun in court.

Coquitlam family sounds alarm about home warranty coverage

Every new home built in British Columbia must come with home warranty insurance, but some homeowners say the coverage isn’t protecting them. Anne Drewa investigates.

Source: http://globalnews.ca/…

 

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1 Comment

  1. Anne Drewa suggested you seek out a reputable real estate agent, a mortgage broker, a lawyer and a licensed home inspector. While that may be good advice but I’m left wondering where do you find these reputable people. Looks like we could use another global news story to help people find reputable service providers. As far as home inspectors go, it’s the wild West. There are so many new home inspectors with great-looking websites and all the toys that it’s becoming more difficult than ever to engage the services of an experienced and thorough home inspector who does not depend on real estate agents for referrals.

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