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A home warranty inspection report is very important to have completed in order to be able to see your property, as without it you will not be able to get home warranty insurance hence you will not be allowed to sell your newly built property.
What is a Home Warranty Inspection?
Home Warranty insurance providers require owner builders to engage a Building Consultant with the correct insurance cover to inspect owner-builder completed projects prior to selling the property.
Our building inspector will provide the owner builder a report on the condition of the building works completed and identify any issues or defects found that may need to be rectified to obtain home warranty insurance.
Home owner-builders will need to ensure they understand the home warranty insurance policy requirements, as per Fair-trading guidelines.
- 6 years from the date of completion of the work or the end of the contract for the work (whichever is the later), for loss arising from a structural defect.
- 2 years for loss arising otherwise than from a structural defect.
Why Is It important?
A home warranty inspection report is critical to have completed being able to see your property. Without it, you will not be able to get home warranty insurance; hence you will not be allowed to sell your newly built property.
Home warranty insurance helps protect home purchases when purchasing a newly built home. Suppose there are any issues or defects with the property over time. In that case, the buyer is covered by the home warranty insurance, hence not paying for repair costs themselves but seeking them through the home warranty insurance company.
We recommend you do a building inspection report before the above structural and non-structural timelines’ expiry date. By doing this type of report and sending our expert building inspectors, you can hold the contractors responsible for the defects as long as you have maintained your property correctly.