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Construction defects leave builder's profits all wet

The funny thing about homes is that even though they are the most expensive single item most people in Minnesota, or anywhere else will purchase in their lifetime, they often come with virtually no instructions or warranty for construction defects. Buy a toaster, you get a 10-page instruction manual, warning not to plug it in while you are in the bathtub and it probably comes with a 90-day or 1-year warranty.

A home, on the other hand, has a purchase agreement that is longer than any "instruction manual" you are likely to receive. In addition, it may come with such a paltry warranty that short of the entire structure spontaneously collapsing the day after you move in, you are often left with little or no recourse.

That is why news that a large builder homebuilder has announced that they are expecting spend $43.2 million to repair the construction defects of more than 1,000 home in Florida was heartening.

On the other hand, it is less than encouraging to read that 1,140 home that KB Home built needed "more than minor repairs" to fix water damage resulting from "defective framing, stucco, roofing, and sealant installation."

Homes are complex structures and everything needs to be done right to prevent roof leaks and other types of water intrusion that can rot wood and cause mold.

The builder had to take an additional charge against profits to cover the expected loss caused by the repair work. These homeowners are lucky, in that the losses are not so catastrophic that the builder goes bankrupt and the homeowners wind up with nothing.

If you suspect construction, defects are making your home not so happy, contact an attorney to determine if your defects potentially present a viable claim. 

Source: Builderonline.com, "KB Home Estimates Defect Repairs to Cost $43.2 Million," Teresa Burney, August 21, 2013

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