There are some problems with new builds that can be quickly resolved. Some of these problems include a lack of workers, lack of supplies, and lack of a structural warranty. Others can be solved by calling one of our virtual experts. We can even assist you in the resolution of a simple problem.
The construction industry is currently facing a severe shortage of supplies, particularly lumber. This shortage is causing builders to scramble to obtain the limited supplies available. It also costs them more money because they must pay more for shipping. Lumber prices are rising at a rapid pace and are now 1.5 times the pandemic level.
Because of the shortage, contractors are forced to raise prices and delay the completion of a project. As a result, new homeowners may have to change plans or alter their construction projects.
The quality of construction of new build houses is a significant issue for homebuyers. It's a problem that's been around for years but is now in the spotlight. A survey conducted by the Home Builders Federation found that the number of new build houses with defects had increased from 91% in 2011-12 to 99% in 2017-18.
Quality of construction is a crucial issue for first-time buyers, as they're stretching beyond their comfort zones. But the speed of development is also letting some problems slip through. The Home Owners Alliance, which campaigns on home quality, says that 38% of buyers turn down new builds due to poor quality.
Structural warranties are a great way to protect yourself from potential financial ruin. They're handy for younger generations that may not have the money to pay for shoddy artistry or risky contractors. It's essential to understand the specific terms of any structural warranty and how the process works to resolve disputes.
While most new homes come with a warranty, it doesn't cover every single problem. Some builders offer a partial guarantee, while others only cover major structural issues. This means the builder won't be responsible for fixing non-structural problems, like rotting timber.
To get a warranty for defects, you must first contact the builder or warranty provider. It's best to keep a record of your communications with the company. This will be useful for proving your claim later. You may need to provide proof of the defect if you decide to go through with the repairs.
The construction of new homes has become an increasingly expensive process. In certain areas, buildable lots are becoming scarce. This means that many builders are struggling to meet demand. As a result, prices are rising at an unprecedented rate. This makes it more critical than ever for consumers to find affordable homes.
Buying a new house also has its drawbacks. New houses are often located in an underdeveloped community with limited access to shopping and services. These homes may be located too far away from major cities and places of worship. This can have a negative impact on the happiness of the residents.