Eons ago Tarion was popular among Canadians as Ontario New Home Warranty Program, initiated by the Ontario Government in 1976 to oversee the New Home Warranties Plan Act. Its prime aspiration is to safeguard new home buyers by making sure that builder including the GTA home builders, concede in the provincial legislation. Tarion is financed exclusively by renewal fee, builder registration as well as home enrollment fees.
The warranty protection outlined by Tarion for new home buyers is cited below;
The Tarion Mandate
- Licenses new vendors and Ontario home builders.
- Makes sure home builders or vendors completely adhere to the Ontario New Home Warranties Plan Act.
- Aids in educating and creating awareness among new home buyers about various warranty rights.
- Safeguards home buyers when their builders backside to meet their warranty commitments
- Enacts upon dispute pertaining to the warranty coverage.
- Probes illicit building practices.
- Advocates superior building standards of new building construction including luxury condominiums.
Tarion has, in fact emerged as one of the best all-inclusive warranty program especially for those intending to purchase new luxury homes.
Effective Guidelines to Purchase a New Home
- New home buyers should select home that complements their lifestyle and requirements.
- Determine your budget for a new house.
- Extensive research on the proposed builder is advisable .If interested seek out any builder you are confirming by clicking on http://www.tarion.com/_layouts/buildersearch/
- builder_search.aspx ,to make sure your builder is already registered with Tarion.
- Before you enter into compliance or sign a purchase and sale agreement or any contract for your new home, seek the services of an accomplished real estate layer.
- Make sure you prepare well for your PDI or Pre-Delivery Inspection.
- Visit Tarion’s video library online having collection of educational videos specifically designed to aid new buyers. You can learn more about the statutory warranty coverage as well as how to make your claim.
- Custom home buyers are also expected to complete their warranty forms and submit them on time. Tarion guidelines encourage consumers to review the prime construction performance guidelines before submitting their forms.
- Once you have made the biggest investment of all time, you must take utmost care of this asset all throughout the year. It’s crucial to bear in mind, that initiating ongoing upkeep of their estate homes will make sure the statutory rights are safeguarded.
- Consumers should enjoy all they have strived for! They have conducted an extensive research, taken a wise decision and waited long by the time they become the proud owner of their new house. Now it’s time for the owners to indulge in everything their new house has to offer.
Types Of Houses Not Covered By Tarion
- Projects indicated as “condo conversions” are not covered by Tarion. Conversions are usually a former infrastructure, generally commercial building or an existing apartment infrastructure transformed into condominium.
- Homes built by owners
- Renovated houses
- Houses constructed on former foundations
- Seasonal house that does not satisfy the year-round occupancy terms.
- Houses that were formerly occupied by the builder or rented out by them.
"Bremont Homes, a Tarion recognized firm has been delivering ace customer delight in some posh locations, in the Greater Toronto region. From custom-built homes to luxury condominiums and new detached homes Bremont Homes offers it all."
