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New Home Warranty

Posted by HH360 on May 21, 2021
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Add value with a structural warranty

No one expects a new home to have structural issues. Responsible builders and careful buyers always do everything they can to mitigate this problem. But when this unexpected event does occur, a structural warranty from 2-10 Home Buyers Warranty (2-10 HBW)—the industry leader in structural warranty coverage—can be a business and budget saver.

A budget saver for builders and buyers Building and buying a new home is expensive. For builders, each new build creates a long tail of liability because you’re responsible for guaranteeing that each home’s structure is sound. That kind of liability can add up quickly. In fact, the average cost to address a structural defect ranges between $42,000 and $113,000 per claim.

With a structural warranty from 2-10 HBW, you transfer those liabilities to us. If any of your covered homes faces a structural defect, 2-10 HBW’s industry-leading coverage protects your bottom line. Instead of having to find the money, time, and resources to address the issue, 2-10 HBW does it for you. That allows you do what you do best—build quality homes.

A structural warranty protects your buyer’s budgets, too. Because you’ve transferred your liabilities to us, your buyers don’t need to worry about trying to address covered structural issues themselves.

For builders, a structural warranty builds trust and provides third-party validation Buyers want to work with builders they trust. Covering your buyers’ homes with a structural warranty is an important step to building that trust. You’re telling potential buyers three things when you cover their home with a structural warranty.

1. Not only is it important to build a quality home, but also to back up that quality with a structural warranty.

2. By working with the industry leader in structural coverage, your home and budget are in the best hands.

3. If something goes wrong with the structural integrity of your home, we have the best solution possible.

Additionally, a structural warranty provides valuable third-party validation. To understand why, think about the last time you wanted to go to a new restaurant. You likely went online to see what the Google ratings were.

Now imagine how much more third-party validation a potential buyer will seek out when purchasing a new home from you. Working with 2-10 HBW provides that third- party validation, because Builder Members must meet certain criteria to work with us. And when the industry leader vouches for you, it goes a long way in proving that you provide added value.

For buyers, a structural warranty affects their buying decision

When buyers understand what a structural warranty does for them, it can affect their buying decisions. Consider two important facts about how buyers view structural coverage.

1. Four of five buyers value a third-party, insurance-backed structural warranty.

2. 94% of prospective buyers say that they’re more likely to purchase a new home from a builder who offers a structural warranty, according to a joint survey from the National Association of Home Builders and 2-10 HBW.

These facts alone motivate many builders to cover all their homes with 2-10 HBW. You can give buyers something they really want and give them the best possible version of what they want. When you’re speaking to your buyers needs before they even ask, it shows how much you understand them.

Provided by 2-10 Home Buyers Warranty

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