Construction Defects Bill Introduced

Dated: April 5 2017

Views: 195

Reforming Colorado's construction defects laws in order to incentivize the building of condominiums and townhomes has emerged as a priority for both Republicans and Democrats early in the legislative session.


“This is the first step in a multi-tier process to help Coloradans attain a home of their own, and I am pleased to be a part of this critical legislation,” Wist said in a statement.

Senate Bill 17-045 was introduced Jan. 11, the first day of the session, and has been assigned to the senate Business, Labor and Technology Committee. It targets insurance rates.

In construction defects actions in court in which more than one insurer has a duty to defend a party, the bill would require the court to apportion the cost of defense among all of them. Supporters of the bill say it would simplify and reduce litigation costs.

Image title

“By targeting insurance rates, we're addressing the problem without reducing consumers' rights to protect the property that they spend their life's savings to buy,” Duran said.

Grantham said that while 100,000 people moved to the state last year, only 25,000 new homes were built.

Reforming the law on construction defects has been a longtime priority of Republicans in the Legislature. They say the status quo prevents condos and townhomes from being built, leading to Coloradans facing the choice of either apartments or single-family homes, with no middle-price ground. Reform is also supported by several business groups, including the South Metro Denver Chamber of Commerce. Some cities and towns — including Lakewood, Littleton and Parker — have passed ordinances addressing the issue in recent years, as legislation died at the Capitol. 

Rep. Kevin Van Winkle, R- Highlands Ranch, also says the issue is a priority.

“Flawed laws from the recent past have made it impossible for homebuilders to meet market needs, especially for first-time homebuyers and downsizing seniors,” he told Colorado Community Media ahead of the session's kickoff. "Instead of attainable housing, many Colorado families are trapped in apartments, unable to realize their housing dream.”



Denver Colorado Real Estate Professional
 -Michael Steffen

Michael is a motivated realtor specializing with investors and new home buyers located in the following areas; DenverArvada,Aurora and surrounding areas. Michael Steffen uses advanced internet marketing to insure your property gets maximum exposure and holds a high value of ethics in his work to ensure the ideal scenario for everyone! For help with buying or selling a property call 303-981-2750!

eNewsletter Sign Up

Blog author image

Generation Property Group

My name is Michael Ross Steffen. I’m an Exit Realty Cherry Creek Agent in the Denver metro area and Team Leader For Generation Property Group! We specialize in advanced Internet marketing, buying, s....

Latest Blog Posts

Fun Facts!

Betcha didn't know about these Halloween facst! - Candy Corn was called "Chicken Feed" - Ireland was the origination of Halloween- It was believed that if a women wore her clothes inside

Read More

SPOOOOOKY TREATS!

Preparing for Halloween can be so fun! From trick or treating to carving pumpkins! We love it all! But our favorite thing is to make some spooky treats in the kitchen.Here are some recipies for some

Read More

Where Should I Hang this Picture??!!

Choosing a decor style for your new Denver home can be exciting and frustrating at the same time.Does this rug match my couch?Does my table look good in that corner?Is this too many patterns?

Read More

Reasons Why you should Stage your Home

Staging a home can make a huge difference when it comes to selling your home. How long it's on the market and what price you sell it for can be a massive difference if it's done poorly. Whether

Read More