Are new home construction warranties uncommon place? : RealEstate

I’m a buyer of a new home construction purchase that’s in the jumbo loan cost.

I’ve asked for a warranty outside the 1-year limited warranty to cover major structural items. I’ve requested a 10 year major structural warranty and have been told this is unheard of and no builder/seller agrees to this in Chicago.

  • In lieu of a 10 year, I’ve asked the builder to go through a warranty company like RWC – I would pay the $700 for the 10 year coverage of the structure

  • This is a new builder (only done rehabs, no new construction) – small builder

I can’t get passed the fact that, if true, no builder/seller agrees to anything beyond a 1-year limited warranty on a new home construction. Am I being unreasonable?

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