If you've ever been a part of the new construction of a home or decided to do a renovation project with the help of a contractor, chances are you've had to sign some sort of contract that included terms and conditions specific to that project. Because of the nature of contracts though, these agreements between parties can be as simple or as complex as you'd like them to be.
Construction defects can greatly reduce the value of your home or commercial property. Sometimes defects are obvious either during or shortly following construction, and they are addressed right away. In many other cases, property owners do not become aware of a defect until years later, once the defect begins to cause problems or is uncovered during an inspection as part of a real estate transaction.