If you’re purchasing a new home in Alberta, you may want to consider the Alberta New Home Warranty program, which offers a range of protections and benefits for new home owners. In this blog, we’ll break down the key aspects of the program and help you understand what it covers.
What is the Alberta New Home Warranty program? The Alberta New Home Warranty program is a government-backed initiative designed to protect new home owners from construction defects and other issues that may arise in the first few years of ownership. The program is administered by the Alberta New Home Warranty Program (ANHWP), which is a non-profit organization that works with builders, homeowners, and other stakeholders to ensure that new homes meet high standards of quality and safety.
What does the program cover? The program offers three types of coverage, each of which is designed to address different types of issues that may arise in new homes:
- First Year During the first year of ownership, new home owners are covered by the Builder Performance Coverage. This coverage protects against defects in workmanship and materials, such as problems with plumbing, wiring, and flooring. If any issues arise during this first year, the builder is responsible for addressing them and ensuring that the home meets the required standards.
- Second Year In the second year of ownership, new home owners are covered by the Distribution System Coverage. This coverage protects against issues that may arise with the home’s heating, electrical, and plumbing systems. This includes protection against leaks, malfunctions, and other problems that may arise with these critical systems.
- Years Three to Ten During years three to ten of ownership, new home owners are covered by the Structural Coverage. This coverage protects against major structural issues that may arise in the first ten years of ownership, such as foundation cracks, framing problems, and other issues that may arise as a result of faulty construction practices.
In addition to these types of coverage, the ANHWP also offers a range of other benefits for new home owners, including access to a dispute resolution process and a process for filing claims if issues arise with the home.
How does the program work? To take advantage of the ANHWP, new home owners must work with a builder who is registered with the program. Builders who are registered with the ANHWP must meet certain standards of quality and safety, and must provide homeowners with a warranty certificate that outlines the coverage they are entitled to under the program.
If issues arise with the home, new home owners can file a claim with the ANHWP, which will then work with the builder to resolve the issue. In some cases, the ANHWP may also provide financial assistance to help cover the cost of repairs or other remedies.
In conclusion, the Alberta New Home Warranty program is a valuable resource for new home owners in Alberta, offering protection against a range of issues that may arise in the first few years of ownership. By working with a registered builder and understanding the different types of coverage available, new home owners can ensure that they have the protection and peace of mind they need to enjoy their new home for years to come.