New home warranties: homebuilding market study

Research output: Book/ReportCommissioned report

Published

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Original languageEnglish
PublisherOffice of Fair Trading
StatePublished - 1 Sep 2008

Abstract

The purchase of a new home constitutes a significant undertaking in the
lives of most homebuyers. The general anticipation is that the new home
will bring them a period of enjoyment and happy use from the day they
take possession until the day they leave. For the majority of these
homebuyers this is the biggest single purchase they will make and is a
process that will not be undertaken again for a significant number of
years. Some homebuyers do undertake the purchase of a new home
more than once and become well versed in the mechanics of the new
home buying process and also the various impediments they have to
overcome along the way.

Keywords

  • construction industry, home warranties, homebuilding

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