Final answer:
Warranty coverage for homes includes a seller's promise to fix or replace faults for a certain period, while buyers can also purchase a service contract for extended coverage.
Step-by-step explanation:
The total warranty coverage available on each home or condominium unit usually depends on what the seller offers, as they typically provide a warranty, which is a promise to fix or replace the item in question, for a certain time period. This coverage can be part of the purchase agreement, making it crucial to understand the specific terms.
Additionally, a buyer may often have the option to purchase a service contract, which involves paying an extra fee for extended coverage that promises repair services should anything go wrong within the set duration. While warranties are included in the sale price, service contracts represent an additional cost that increases the overall price, but provides extended peace of mind.