10 Year Structural Warranty for Your Home
When buying a property, a person should remember to seek a 10-year structural warranty for a home because it is a fact that even the most solidly built homes can have problems. When you choose a 10-year structural warranty, you will ensure that you don’t need to stress the common causes of structural defects like weather changes, shifting soil, and faulty workmanship. All of these are hard to predict and not easily identifiable.
What is a 10 Year Structural Warranty and Why You Need It?
When building a home, you shouldn’t skip a 10-year structural warranty because if you build without it, you will be responsible for all the defects which fall within the implied warranty period of a state which can be 10 or more years.
As the name suggests, a 10-year structural warranty means that the builder who is building your home will take care of all structural issues, if any. for 10 years (or the set warranty period). They will repair or replace the damaged parts and cover all the costs associated with the same. The warranty begins on the day of the closing.
What is Included in a 10 Year Structural Warranty?
Usually, a 10 Year Structural Warranty includes the following components of your home:
- Beams, girders, and headers
- Roof framing systems
- Walls and partitions
- Floor Framing Systems
- Foundation systems and footings
- Lintels (other than those which support veneers)
- Columns (except columns that are designed for cosmetic use)
- Masonry Arches (except columns which are designed for cosmetic use)
Why Every Home Buyer Needs a 10 Year Structural Warranty?
It would help if you had a 10 Year Structural Warranty because many parts in the US have soil that expands with seasonal changes, and it can impact even the sturdiest of structures. Data says that about 25% of all buildings in the US experience structural damages within the first 10 years of their life. About 10% of those are major, costly, and not reversible.
The builder’s reputation doesn’t matter because even the biggest builders who build quality buildings cannot guarantee that there won’t be any structural issues. Most big builders will even be willing to offer a 10 Year Structural Warranty without asking.
What‘s the Cost of 10 Year Structural Warranty?
The costs of 10 Year Structural Warranty differ from year to year. Usually, the cost of this warranty is not more than 1% of the cost of the home. As a median example, a structural warranty might cost anywhere between $500 to $1500 for ten years if the cost of structural damage could be $50,000 and $100,000. The structural warranty costs around 1% of the estimated repair budget in many cases.
Who to Trust to Review the 10 Year Structural Warranty?
If you have decided to choose a 10 Year Structural Warranty, you need an expert engineer to review the warranty. They will look over everything important like covered components, exclusions, responsibilities as a homeowner, etc. They will tell you if something is missing or something needs to be added.
We at RSH Engineering offer the best 10 Year Structural Warranty Review Services as we always have your best interest in mind. We want what’s best for you, and we are 100% honest with our feedback. All our reports are 100% accurate, precise, and full of factual information and data. Connect now to know more.