DURHAM REGION HOMEBUILDERS' ASSOCIATION
Buying a new home is one of the most significant purchases you will ever make. It is an exciting and rewarding process.
One of the great advantages of buying a brand new home is your new home warranty. Because purchasing a home is such a significant investment, you want to make sure it is well protected. As you look at homes and get to know the builders in your community, consider the warranty carefully. For homebuyers, the choice is easy - you want to buy your home from a professional builder with a solid reputation, with excellent after-sales service and with a third-party warranty from Tarion Warranty Corporation. Make sure you do your homework and gather as much information as possible about you potential new home, the builder and the community before you sign the Agreement of Purchase and Sale.
Tarion Warranty Corporation has created a list of tips and other important information for new home buyers that you can check out at www.tarion.com. Tarion provides important protection before and after a new home purchase. Once a purchaser provides the down payment for a new home, it is protected. You also have a right to compensation if your builder delays the closing of the sale without giving you proper notice. Before you move in and as your home nears completion, your builder will schedule a walk-through of your home, also known as a pre-delivery inspection (PDI).
Together, you will go through the home to verify that it is built according to plan, with the features and inclusions specified in your agreement. You should take note of any imperfections and defects that require attention, down to the smallest detail - a sticking drawer, a missing towel rack, a scratch on the wall and so on. Discuss with your builder how and when these things will be dealt with. During the walk-through, your builder will explain how to operate and service the mechanical systems, and how to take care of the many components in your home to ensure long-lasting performance.
Ask questions as you go - it's important that you feel confident and knowledgeable about your new home from the outset. Protecting your new home warranty also requires that you properly manage the systems in your new home. Tarion offers tips on maintaining your home to help protect your most important investment for years to come.
After moving in, you're entitled to a 1 Year, 2 Year and 7 Year warranty against defects in work and materials. This warranty comes with certain obligations, so it is important to understand the statutory warranty process. What if I run into a problem with my new home? Keep in mind that "settling" is common during the first year and may result, for instance, in minor cracks or nail pops. If you have questions about your home, encounter any problems or need service, follow the process set out by your builder.
In the event that your builder is not responsive to your needs, the warranty provider will ensure appropriate action, including mediation between you and your builder. Expectations and responsibilities. Open communication is key to avoiding conflict between you and your builder. What are the builder's obligations and performance standards? What are the company's after-sales service standards and process? What are you responsible for once you move in? What do you need to know in order to avoid problems in your new home? Don't hesitate to ask your builder for answers to these and other questions. Tarion offers detailed consumer information including excellent advice on home buying, such as what to look for in a builder and the steps involved in homeownership. Tarion new home warranty - another great feature of your brand new home!