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In this video tutorial, Steve Turner, the new home specialist, discusses the importance of understanding the different types of builders warranties when designing and building a new home. He emphasizes the significance of a manufacturer's warranty which covers all components in the house, such as appliances, faucets, lighting fixtures, and cabinets. Turner helps viewers evaluate the type of warranty their builder is offering and provides insights into the pros and cons of each type. By understanding these warranties, homeowners can make informed decisions when building their new home.