For those of you thinking about buying a new Home or Condo. The words and document "New Home Warranty" is not worth the paper it is writen upon.
We sold our old home and bought a new condo, thinking that all the repairs and problems would be solved by a little piece of paper that says New Home Warranty. It is suppose to be good for all major flaws and problems for a period of 10 years. Who was to know that as soon as the document was given to us by the builder that , it was then worthless.
It gave us a real nice warm fuzzy feeling. To think that we wouldn't have to take good money and throw it away on home repairs. ( I realise the only fuzzy warm feeling; I got in truth was that of similiar to an overdose of Syrup of Figs).
We (all the tenants had to fork out over 300,000 dollars to fix problems that should not have happened to a 4 year old building. The Builder went bankrupt and so you cnnot sue him, although he is building still under another company name. The Atlantic New Home Warranty people went bankrupt because of all the claims. It will cost us more money to go after the Insurance company who underwrote the New Home Warranty people.
They do not cover for water intruison caused by negeligence caused by poor building practices. As they do not consider it a structual problem. What's not structual!!!!
The Walls were all ripped out from the outside brick to the gyprock
on the inside and had to be rebuilt. and they consider that not structrual. All support beams and joists also had to be replaced. Give me a F@@@ing break.
So beware any homes under 10 years old are probably built inferior and that is because of the council cutting down on the building inspectors from 8 visits and inspections at a building site to 4 visits.
So the new Home warranty is only useful to wipe your arse on, as it only covers
about that much % of your investment.
Wednesday, September 12, 2007
NEW HOME WARRANTY
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8 comments:
yeeesh, that's pretty bad. There's no point in having any warranty is there? Might as well buy something that's been up for years for all the good that going for a new condo has done. Sorry about all that hassle - but at least you get to spend time at the camp! x
Yep the new building warranty in the UK is pretty useless as well. Only public pressure gets companies to rectify mistakes and low build quality problems. Maybe you should punish the buggers by going round to their offices and doing some folk singing?
Ha! punishment indeed!
Oh don't worry about structural issues, Old Tarf - it's location, location, location that's the important thing. OK, you may have a damp problem and the roof's blown off but try to think about the good things such as the nearby artist quarter and the trendy new Starbucks.
Mutley- I did go around and sang out side their offices that's why they went bankrupt.
Electro-Kevin- Location , location. You are right; but no Starbucks close by. Indstead, there are 4 pubs and a Royal Cdn. Legion ( of which I am a member).
So if no one steps on my fingers as I staggerhome, I am fine apart from a hang under ( at my age nothing works right).
Well most of the work has been finished, and now that the blinds are up. We no longer can see the bum cracks of the masons working on the building. No birds or sky just bum cracks looking in the windows from the 3rd floor. Life is weird!!!!!
Are they fit?? I can cope with a bum crack if it's on a fit young stud.
Can you join the international campaign to bring back The Hitch?
the hitch is back, but beware - if you dont post something new soon I will put more pictures of david hasslehoff up on my blog.
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