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By filing a defect lawsuit, what type of damages can I recover?

Answer:

The typical measure of damages obtained in a construction defect suit regarding residential property is the "cost of repair." Thus, a homeowners association may obtain the costs of repairing the defective common areas and any damages that result from the common area defects. Additionally, expert fees and costs for the forensic investigation are recoverable. An association is also entitled to temporary repair costs it may have expended in its attempts to remedy or mitigate the defects. Finally, the costs of relocation are recoverable . Temporary relocation often becomes necessary depending on the extent of the repair work. In rare instances, other types of damages such as punitive damages may be recoverable. Such an instance may be where a developer defendant acted fraudulently by failing to disclose or concealing defects it knew existed at the time of sale.
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Verdicts & Settlements
"North Oaks Village Homeowners Association $3,400,000.00"
Developer: North Oaks Properties LTD.
This 112-unit condominium project located in Thousand Oaks, experienced construction defects involving leakage at decks, stairs, balconies, roofs, and windows. In addition, the Association faced a significant three-year statute of limitations defense.
Settlement - $3,400,000.00