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North Dakota Addendum for New Home Insulation Disclosure - Required by Federal Trade Commission

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US-00472-A3
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This form is a New Home Insulation Addendum to a Real Estate Contract, wherein the parties agree that the insulation in the dwelling will comply with certain standards. This addendum should be signed contemporaneously with the general Contract.

The North Dakota Addendum for New Home Insulation Disclosure is a document required by the Federal Trade Commission (FTC) designed to inform consumers about the energy efficiency and insulation features of newly constructed homes in North Dakota. This disclosure is crucial for potential homebuyers as it allows them to make informed decisions regarding the energy consumption and costs associated with a particular property. The disclosure provides detailed information related to the insulation measures and standards implemented in new homes. It covers various aspects including the type of insulation materials used, their R-values (a measure of insulation effectiveness), and the areas of the home where insulation is installed. Additionally, the disclosure may also include information about the installation process and any available warranties for the insulation. In North Dakota, there may be different types of addendums for the New Home Insulation Disclosure that cater to specific circumstances or requirements. These variations could include specific criteria for insulation in areas with extreme weather conditions, different building codes, or unique construction practices. The North Dakota Addendum for New Home Insulation Disclosure serves as a valuable tool for homebuyers, enabling them to calculate potential energy savings, estimate utility costs, and assess the overall energy efficiency of a property. The FTC mandates the inclusion of this disclosure to ensure transparency in the real estate market and to protect consumers from unknowingly purchasing homes with inadequate insulation, which could result in high energy bills and discomfort. By providing this detailed information, the North Dakota Addendum for New Home Insulation Disclosure empowers consumers to make informed choices when buying a newly constructed home, contributing to more energy-efficient and sustainable housing in the state.

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North Dakota Addendum for New Home Insulation Disclosure - Required by Federal Trade Commission