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The main reason you will need to invest in a structural warranty is to help you sell your property once it is completed. The vast majority of mortgage lenders and banks require a structural warranty to be in place before they will provide a mortgage on a property.

A standard home builders warranty covers workmanship, distribution systems and building materials for one year after closing.The best builders warranties last up to 10 years and cover damage or defects to the major structural components of your home.

A 10-year builders warranty covers structural defects to a home's designated load-bearing elements. Builders always stand by the quality of the homes they build. But 80% of structural defects occur because of things outside of the builder's control, such as soil movement.

One year: Coverage for workmanship and materials on most components usually expires after the first year. For example, most warranties on new construction cover siding and stucco, doors and trim, and drywall and paint during the first year.

A building warranty is a comprehensive insurance policy that is provided by a developer to the owner/buyer. It offers peace of mind that the building has been constructed to a standard set by the warranty provider. Most providers of building warranties offer policies for: Residential buildings. Custom-builds.

Your new home comes with a 10 year structural warranty, meaning that the cost of fixing any damage caused by faults in specified parts of the home, usually the structural and weatherproofing elements is covered.

A new build or new home warranty is a 10-year insurance policy for newly built or converted properties. Even though they protect buyers of new build homes from structural defects, they are actually taken out by the builder or developer.