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Old 10-15-2008, 08:54 AM
 
1 posts, read 5,617 times
Reputation: 17
Default Is there a new home warranty law in North Carolina?

I bought a new house 2 1/2 years ago and the joists are making very loud cracking noises. It's something I'm going to look into getting fixed because it's loud enough to wake me up and hear from the other side of the house.

I've heard that there is a law in North Carolina where all new homes must come with a 10 year structural warranty but I haven't been able to find any information on it. Does anyone know if this is correct and where can I find more information about it?
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Old 10-15-2008, 09:51 AM
 
Location: Southeastern Cumberland County
820 posts, read 2,002,722 times
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Contact a real estate attorney and ask....
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Old 10-27-2011, 07:25 AM
 
1 posts, read 2,540 times
Reputation: 10
Statute of Repose was raised to 12 years from 6 in NC. Means that you are protected from construction defect for 12 years post construction. It was 6 prior to this. I am not sure if the law makes is 12 years for new construction after the law was passed or if you can now go back against home builders from 10/11 years ago. But it's not a warranty, but more of a protection against defect, to my knowledge. Because of this, most builders are offering warranties against DEFECT for 10 years, but this is double edged because by accepting the warranty, you usually have to agree not to sue the builder in lou of allowing it to go to arbitration and having an arbitration panel make the decision.
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