What is the function of the Atlantic Home Warranty Program (AHWP)?

The Atlantic Home Warranty Program (AHWP) primarily serves to provide protection for new home buyers. This program is designed to ensure that buyers of newly constructed homes have a safety net in cases of defects in materials or workmanship. This means that if issues arise within a certain period post-purchase—commonly referred to as warranty coverage—the homeowners can seek remedy through the program, which often includes repairs or replacements of substandard work.

Having this protection is crucial for buyers as it helps to mitigate the financial risk associated with purchasing a new home. It also encourages builders to adhere to quality standards, knowing that they are held accountable for the homes they construct. The AHWP fosters confidence in the housing market by assuring buyers that recourse is available should problems occur, thus playing an essential role in promoting trust and stability in real estate transactions.

In contrast, options such as selling homes, offering financing for renovations, or assessing property values do not align with the primary purpose of the AHWP, which specifically focuses on safeguarding the interests of new home buyers against potential construction-related issues.