Long Beach Island Real Estate Builder’s Warranty

Long Beach Island Real Estate Builder's Warranty

LBI Real Estate New Home Builder’s Warranty

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Long Beach Island Real Estate

A Long Beach Island Real Estate Builder’s Warranty is a legal document and agreement that ensures a new home over a period of time against material defects. The warranty is issued by the builder through an outside company and will cover workmanship and materials. This is also called a new home warranty and is an integral part of the new construction process on Long Beach Island. All new homes in the State of New Jersey are required to come with a new home warranty.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Long Beach Island Real Estate Builder’s Warranty

Many companies provide new home warranties, and each will have its own set of guidelines. The State of New Jersey does mandate a minimum standard, which will usually cover different aspects of the home over different periods of time. For example, major structural failures, like a beam breaking, will be covered for ten years in many cases. The homeowner needs to familiarize themselves with the terms and conditions of a new home warranty to understand what is and what is not covered. IIn the event of damage to the home, a claim can be made to help resolve the issue under the terms of the warranty. A new home warranty will transfer with the home, and any balance of the warranty will be in place for a new owner should the house be sold.

Buying in the Long Beach Island Real Estate Market

Building a new home in the LBI real estate market can offer a unique equity position. Likewise, buying a new home can provide instant gratification and allow for the immediate usage of a dream home on Long Beach Island. In both cases, a homeowner should understand their rights under New Jersey law regarding a Long Beach Island Real Estate Builder’s Warranty. If you have any questions about buyingselling or investing in the LBI real estate market, please do not hesitate to contact me.

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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