Friday, May 23 2008
This information is for home buyers who have the intention to purchase a new home. Each builder has to adhere to these standards although it is not uncommon that some builders go beyond these warranties.
For instance, builders belonging to the Southwestern Indiana Builders Association will go by the Indiana Quality Assurance Builder Standards (QABS) for home building and remodeling standards.
These standards create a series of performance standards that the builder and the homeowner can use to communicate and understand each other’s expectations regarding the building or remodeling project.
The standards address the most prevalent issues that arise between the builder and the customer before the project, during the project, and, most importantly, after the project is completed. All too often it is the undefined expectations that create the majority of the problems encountered in the building and remodeling processes. The standards will help and eliminate problems before the project even begins.
Indiana's New Home Warranty Law
Consumers purchasing new homes in Indiana are protected by an implied warranty. As a purchaser, you can expect that different portions of your new home will last for reasonable amounts of time (e.g. roof, structural components, mechanical, etc.).
The builder is considered responsible for various portions of the home for specific periods. The builder may, at his or her own option, provide an insured warranty to the consumer and disclaim the implied warranty provided that certain conditions are met.
The following sections of Indiana's New Home Warranty Law can help you understand what legal rights and responsibilities you have as a purchaser, and what rights and responsibilities your builder has.
To download this information as a PDF, click here.
Source: Southwestern Indiana Builders Association