Home warranties can be used to protect both brand-new and resale homes from a number of different threats. From faulty construction to shoddy appliance installation, warranties give homeowners a recourse besides dipping into their own home savings. But home warranties are different depending on where the home is purchased, and they're always going to be a worst-case scenario. Learn more about the basics before pulling the trigger on a home sale.
The Process
There's a bit of a process to warranties that buyers should be aware of. Even in the case of clear negligence on the part of a construction crew, it will involve several steps to get something fixed. So if a buyer moves into the home only to find that their drainage isn't working properly,
…