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Warranties & Guarantees – Suggestions & Tips #7

July 10, 2015 by Grassroots Leave a Comment

 

warranties_&_guarantees

Does your house come with any warranties or guarantees?

Aside from the new home warranty in Ontario from Tarion, likely not. But you may be surprised to learn that there are various items within your home that may. So you’ll need to find out what comes with a warranty / guaranty, the extent of that coverage, the remaining time frame available to you and whether or not they can be transferred to you as the new homeowner (sometimes a transfer certificate needs to be completed).

Determine from the vendor what remaining warranties / guarantees are available to you regarding the materials and workmanship in your new home before you sign on the dotted line. Get all the documents required and make it part of your “Offer to Purchase”. There may be remaining warranties or guarantees available to you on such things as:

  • windows
  • doors
  • roofing
  • heating / cooling equipment
  • air cleaners
  • garage door openers
  • flooring
  • appliances
  • pools / hot tubs
  • whirlpools
  • garage door openers
  • electrical devices, thermostats
  • foundation wall crack repairs
  • renovation work

You’ll need to get this information tied up before closing, as it may be difficult to do anything after moving in if the paperwork was thrown out or not left behind for you. Do your homework upfront, be prepared and get it in writing.

When inspecting buildings we are often asked questions concerning various topics. Some of these queries can relate to issues not within the scope of a typical inspection. That’s not to say that information about these topics would not be useful however. For that reason, we wanted to include information on some of these topics your further review.

NOTICE: The information contained on the grassroots.ca website is not intended to be exhaustive nor does it necessarily apply to all buildings, systems, components and the likes. While some information may be able to be “transferred” to a building you’re interested in, it should not automatically be applied to it necessarily. It may however simply act as a prompter for areas you may wish to explore further. As such, the information herein is for information purposes only. It’s not intended to be an exhaustive listing of any / all related issues. Always consult a professional before purchasing, leasing or selling a building, or if proceeding with or considering any work to a building. Seek further professional advice, and, analysis including at least three (3) quotations from various professional reputable & qualified contractors before proceeding with any contemplated work, repairs, improvements, and / or, modifications to a building, to better establish the scope of any / all concerns.

Filed Under: All, Electrical, Fireplaces & Chimneys, Heating & Cooling, Insurance & Legal, Plumbing, Suggestions & Tips, Water Heater Tagged With: guaranty, offer to purchase, transfer, warranty

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