What's the Value of a Warranty?
Warranties are everywhere, from small consumer products to commercial machinery and everything in between. Sometimes it feels like you need a law degree to understand the terms of a warranty.
If you're building or renovating your home, you may wonder why building materials warranties are important for homeowners like yourself.
To a homeowner, warranties serve as a signal of confidence from manufacturers. Products and companies with strong warranties stand behind their products, resulting in peace of mind for the homeowner.
Warranties on building products offer homeowners confidence in product quality, financial protection, long-term assurance, and can enhance the resale value of their homes.
Benefits of Warranties
A warranty on building products provides value to homeowners in the process of building a home in several ways:
Trust in Product Quality
When a product is backed by a strong warranty, it indicates that the manufacturer stands behind their product's quality. This can provide homeowners with peace of mind, knowing that the building products they are using are reliable and durable.
Whether you are building or renovating, you want your home to last. When a building material is backed by a 20-year limited warranty like LP NovaCore™ Thermal Insulated Sheathing, you don’t have to worry about the quality of the product.
Financial Protection
Building a home involves a significant investment of time and money.
A warranty can provide financial protection by covering the cost of expensive repairs or replacements if any defects or issues arise with the building products during the warranty period.
This can help homeowners avoid unexpected expenses and ensure that their investment is protected.
Long-Term Confidence
Building products with warranties, especially those with longer warranty periods, provide homeowners with long-term assurance.
These warranties often cover the product for an extended period, giving homeowners confidence that the products will perform as expected for years to come.
Let’s take a look at LP Legacy® Premium Sub-Flooring as an example.
LP backs this product with an industry-leading Covered Until It’s Covered® No-Sand Warranty and Lifetime Limited Warranty that lasts as long as the home. It’s hard not to feel confident in your purchase with the safety of a warranty like that.
This can be especially important for building materials that are exposed to harsh weather conditions or other environmental factors.
LP WeatherLogic® Air & Water Barrier, for example, is backed by a limited warranty of 30 years—one of the longest in the industry.
Stronger Resale Value
Homes with warranties on building products may even have enhanced resale value.
Potential buyers are often attracted to homes that come with warranties, as it provides them with reassurance about the quality and reliability of the building materials used.
This can make the home more appealing in the real estate market and potentially lead to a higher selling price.
Understand the Value of Your Warranty
LP Building Solutions has some of the strongest warranties in the industry. We believe in the resiliency of our building materials.
Part of our mission of Building a Better World™ includes providing solutions that can stand the test of time. You can learn more about the warranties of our structural building materials here.
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