Home > Industry Issues > Home Warranties for the Small Builder

Home Warranties for the Small Builder

Again, when I was building in the 1980s, there was one warranty you could by in Washington State. I started shopping around and found a company in Texas called 2-10 Warranty. I brought them up to Washington and introduced them to the building associations. This enabled for the small builder buy a warranty for custom, spec, VA, and FHA homes he built. A financial statement qualified the builder.

If a new mandatory law in Washington is passed, this will put the small builder out of business because the past few years his balance sheet looks like crap. Rep Sherry Appleton stated the reason for this law was because the building inspectors could not get to all the homes under construction. Today, I don’t think that is a problem, nor will we ever return to the 2005 volume of homes under construction.

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