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.
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