In this article, we’ll show you 4 reasons why you should become a 2-10 Home Buyers Warranty (2-10 HBW) Builder Member.
- Structural issues aren’t apparent right away
- Structural issues are expensive to address
- You need protection against hastily completed work
- You can offload your customer service issues
Builders like you take pride in building the best homes possible. It’s why home buyers buy homes from you. But you also understand the risks involved in building homes. You know that structural defects can sink your reputation and crush your bottom line. Even worse, most structural defects are out of your control, with 80% of them caused by soil movement.
How can you move forward with confidence if you have to worry about factors that are out of your control and handle potential homeowner complaints?
The answer lies in becoming a 2-10 HBW Builder Member. Here’s why
1. Structural issues aren’t apparent right away
Structural issues often don’t appear right away. In fact, most structural claims are reported beginning 4 years after the sale of the home.
- 30% of structural claims are received within the first 4 years after the sale.
- 70% are received after the fourth year.
As a 2-10 HBW Builder Member, you can protect your homeowners and yourself from surprise structural issues. That’s because 2-10 HBW provides the most comprehensive builders warranty on the market. Our structural warranty gives you coverage against structural issues for up to 10 years. This means that when structural issues appear years later, you have a solution for yourself and your clients.
2. Structural issues are expensive to address
On average, structural issues cost between $47,000 and $113,000 to address per claim. That’s a huge liability that can destroy home builders and homeowners, especially when multiple issues crop up at once. Since home builders are on the hook for addressing these issues by law, it’s a matter of how they address them. A 2-10 HBW Builder Member can address these issues without breaking their budgets.
2-10 HBW has paid out over $300 million in structural claims for Builder Members nationwide. It’s a big reason why 1 in 5 homes has a 2-10 HBW structural warranty. When builders want to protect themselves and their homeowners from expensive structural damage, they do it with a 2-10 HBW builders warranty.
3. You need protection against hastily completed work
When you have different work crews on different properties, quality control can be difficult. As a builder, you have strict schedules and deadlines to limit or prevent cost overruns. Sometimes this means that work crews or individual subcontractors choose to cut corners. Becoming a 2-10 HBW Builder Member addresses this frustrating problem. It’s a comprehensive way to protect your budget and your reputation from things outside your control.
4. You can offload your customer service issues
How much time and money do you spend fielding phone calls from meticulous homeowners? The average cost for a callback costs a builder $476 per call. When you have an overly meticulous homeowner, those calls and costs can really add up.
That’s why 2-10 HBW offers Builder Members the option to eliminate warranty calls by letting our experts handle them. The 2-10 HBW team becomes the first point of contact for all homeowner warranty questions. We manage requests, apply standards and communicate to warranty/construction teams and homeowners. This lets you move onto the next build with focus and confidence.
Become a 2-10 HBW Builder Member
As the largest and most experienced structural warranty provider, 2-10 HBW covers more homes than anyone else. Our size, experience and expertise mean that we have more resources to better serve you and your homeowners.
Plus, 2-10 provides language, templates, documentation and other materials to help you communicate effectively with clients and others. When unexpected events occur, having clear communication is crucial to success. 2-10 HBW Builder Members have access to tools that help them communicate clearly.
Our Builder Members are protected by new construction warranties that help them maximize their bottom-line potential on every home they build. If you want to relieve yourself of liabilities, protect yourself and your homeowners and enhance your reputation, become a 2-10 HBW Builder Member today.
Learn how you can protect your business and add valuable selling points to your new builds with 2-10 Structural Warranties.