Buying a newly built home is an exciting milestone in your life. However, it can also be an extremely overwhelming and busy process. One term that you will always hear is “New Home Warranty”. If you’re not quite sure what this means or why it’s important to you as a ‘new’ homeowner, we have you covered!
What is a home warranty?
In February of 2014, Alberta’s New Home Buyer Protection Act was passed. Due to this, newly built homes are now legally required to have warranty. This encourages home builders to meet high standards and protect homeowners from expenses for any repairs that might be needed.
So, if you are buying a newly built home, you automatically have new home warranty!Continue reading →