Buildstore developers conference structural warranty
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This document discusses new home structural warranties, which provide insurance protection for home buyers. It explains that these warranties are backed by an A-rated insurer and cover defects for 10 years. The document outlines what elements are covered under the warranty at different stages of home ownership. It notes that lenders and inspectors will require a warranty and discusses alternatives. It promotes a specific warranty provider, saying their warranty helps developers realize value and provides sales and technical support.
Buildstore developers conference structural warranty
- 1. The New Home Warranty Expensive piece of paper or a genuine value add?
- 2. EXACTLY what is a New Home Structural Warranty? • Manufacturers warranty? • Workmanship warranty? • Insurance backed guarantee? • It’s a fully transferrable insurance policy, backed by an A Rated insurer. • Approved by Government and Lenders
- 3. The elements of a New Home Structural Warranty. • Initial developer risk assessment • Recognised insurance cover. • Thorough site based technical audit program. • Continual reassessment of developer performance. • Comprehensive after sales customer care.
- 4. What's does a Build-Zone New Home Warranty cover? Section Cover Responsibility 4.1 Cover Prior to Completion Insurer 4.2 The first 2 Years Post Completion 1st Developer (Defects Period) 2nd Insurer 4.3 Years 3 to 10 Insurer (Structural Insurance Period) 5.1 Contaminated Land Remediation Expenses Insurer (Years 3 to 10) 5.2 Physical Health & Safety of Occupants Insurer (Years 3 to 10)
- 5. Who is going to ask me for a New Home Warranty? Prior to Works Starting • Your development financier • An Approved Inspector During the project • Your sales agent At Completion • Your customer or their solicitor
- 6. Is there an alternative? • Professional/Architects Certificate • Find a cash buyer! • Retrospective warranty • Frustrated sale can lead to reduction in value
- 7. Helping you realise value More than just an expensive piece of paper! • Build-Zone ‘Registered Developer’ status • Recognised by Lenders CML & BSA • Designated Warranty Link Approved • Experience & flexibility • Combined technical auditing & building control • Efficient web based audit reporting
- 8. Helping you realise value • Full sales support service Sell with confidence! • Defects dispute resolution • Independent claims service • More than an expensive piece of paper!
- 9. Next Steps... Register/ Quote Build Process Sell with Confidence
- 10. Thanks for listening! If you have a specific question, my workshop starts at 11.30am and is being held in the Wolseley House. 0845 230 9873 www.buildzone.com