Top tips for new home buyers

by | Feb 13, 2023 | Featured Home, Home and Living

There are many reasons you might choose a new build home over a resale property, but the buying experience is very different.

If you go for new build, here are a few tips to help make your purchase process easier:

  • Understand the rules around closing delays
    Closing delays can turn your life upside down and cost you money. But the reality is that many purchase agreements provide builders with the ability to extend a closing date if they feel they cannot complete a home in time. When reviewing your agreement with your lawyer, be sure to look carefully at the addendum section, which clearly sets out the conditions under which your builder can delay your home’s completion. Also, take some time to understand how and when you can seek financial compensation for improper delays under your new home warranty.
  • Get ready for your pre-delivery inspection
    The pre-delivery inspection, also known as a PDI, is an important step you take before you can move into your new home. In short, it’s a builder-led walkthrough of your new property. The  main purpose is to make an official record of its condition before you move in. This includes identifying anything that is missing, unfinished or defective so that your builder can address it. The PDI is also your chance to learn how to use and maintain features of your home, like the HVAC system.
  • Know your warranty inside-out
    Your builder’s warranty begins on the date you take possession (or occupancy if you are buying a condo) and lasts for a total of seven years. This protection comes with responsibilities on your part, and the sooner you understand them the better. The Learning Hub on Tarion’s website has tools to explain coverage and the process for requesting warranty assistance. When it comes to your new home warranty, timing is very important, and the last thing you want to do is miss out on the coverage you’re entitled to.

Find more helpful tips about buying a new home at tarion.com.

Related Content

Feel-good campaigns that are easy to take part in

Feel-good campaigns that are easy to take part in

Many of us want to do our part for the community. But this year in particular, worries about the cost donating to charities might be holding us back. Here are six easy, low-cost or free ways you can give back. Share on social media You don’t have to be an influencer...

read more
Give your kitchen cabinets a facelift in 6 easy steps

Give your kitchen cabinets a facelift in 6 easy steps

New kitchen or fresh paint? With some simple preparation, a little paint and a free weekend, you can transform the look and feel of your kitchen in just a couple of days. Here’s a step-by-step guide to get you started. Prep the area Empty your cabinets and remove the...

read more
5 ways for busy parents to tackle stress

5 ways for busy parents to tackle stress

Whether you’re expecting your first little one, have rambunctious toddlers running around or you’re smack-dab in the middle of those tough teenage years, parenting is full of memorable milestones, fun celebrations  –  and plenty of stress. Since stress wreaks havoc on...

read more
Easy ways to honour Earth Day in April and all year

Easy ways to honour Earth Day in April and all year

Every April 22nd Canadians across the country take action for the environment, whether it’s school children participating in a community clean up or families committing to new green goals, like washing their clothes in cold water and hanging them to dry. Here are six...

read more
How to choose the perfect patio furniture

How to choose the perfect patio furniture

Whether you’re enjoying a morning cup of coffee, dinner with family or entertaining guests, furniture adds functionality to your outdoor space. With the right pieces, you can greatly enhance the usability, comfort and overall appeal of your patio or deck. Learn more...

read more
4 tips to spring clean your closet

4 tips to spring clean your closet

A new season finds many of us hunting through our closets, feeling at a loss about what to wear. But few of us have the funds to reset our wardrobe every year. So, here are some tips to refresh your options and clean up your closet this season. Get sorted You might be...

read more