What value does a structural warranty bring to a home builder? At 2-10 Home Buyers Warranty®, we analyzed our builder member data to help answer that question. We’ve compiled the top six reasons as to why builders use our structural warranty.
- Home Buyer Requests – 28 Percent
Builders want to satisfy their home buyer’s request for a structural warranty from a third party.
- Risk Management – 26 Percent
Builders want to reduce their liability on the homes they build.
- Government Loans (FHA/ VA/ USDA/ RD) – 17 Percent
Builders need to satisfy lender requirements for a HUD-approved warranty on a government loan.
- Marketing – 13 Percent
Builders want to differentiate their homes from the competition and provide an additional benefit to help sell their homes faster.
- State Requirements – 9 Percent
Builders need to satisfy state requirements for HUD-approved housing.
- Insurance Requirements – 7 Percent
Builders need to satisfy General Liability Insurance requirements to obtain insurance policies.
Source: 2014 2-10 Home Buyers Warranty data.
