Top 6 Reasons Why Builders Use 2-10 Home Buyers Warranty®

Top6-Builders-2-10HBW

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.

  1. Home Buyer Requests – 28 Percent
    Builders want to satisfy their home buyer’s request for a structural warranty from a third party.
  1. Risk Management – 26 Percent
    Builders want to reduce their liability on the homes they build.
  1. Government Loans (FHA/ VA/ USDA/ RD) – 17 Percent
    Builders need to satisfy lender requirements for a HUD-approved warranty on a government loan.
  1. Marketing – 13 Percent
    Builders want to differentiate their homes from the competition and provide an additional benefit to help sell their homes faster.
  1. State Requirements – 9 Percent
    Builders need to satisfy state requirements for HUD-approved housing.
  1. Insurance Requirements – 7 Percent
    Builders need to satisfy General Liability Insurance requirements to obtain insurance policies.

Source: 2014 2-10 Home Buyers Warranty data.