Zoocasa
Real Estate Sold Prices
Calculator
Map
Property Trends & Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
Zoocasa
Home Buying a Home

Ten tips for new home buyers

Zoocasa by Zoocasa
May 12, 2011
in Buying a Home, First Time Home Buyer
3 min read
Share
Tweet
Share
0 Shares

from News Canada

Buying a home is the single biggest purchase most of us will ever make and, as with most important purchases, it is vital to do your homework to ensure your new home fits your lifestyle and meets your expectations.

An important part of this preparation process is to learn more about all the benefits and resources available through Tarion Warranty Corporation, a private company established in 1976 to provide protection for all consumers who purchase a new home or condominium in Ontario. Tarion does this by licensing and regulating Ontario’s home builders and managing a guarantee fund to ensure that consumers receive the new home warranty coverage they are entitled to. Tarion has provided the following tips to help guide new home buyers through the purchasing process.
1. Choose the type of home that meets your lifestyle
Read the real estate section of your local paper for information about new developments. Also, check out builders’ websites for photos and floor plans.
2. Determine what you can afford
Once you’ve chosen the location and type of home that fits your needs, meet with a financial representative to determine a mortgage amount that you can comfortably afford. This ensures that you spend your time wisely on homes within your price range. You should also consider getting a pre–approved mortgage, which will allow you to shop with added confidence.
3. Research your builder
A simple call to 1–877–9TARION or a visit to www.tarion.com will give you access to information about all registered home builders in Ontario, including their customer service record with Tarion. When you find a builder you like, talk to them about previous developments, and go straight to the source by asking current homeowners questions about their homes and neighbourhoods.
4. View our Online Education Seminars
Tarion’s online seminars are designed to help you understand your statutory warranty coverage, the process for addressing warranty related matters, and the Tarion inspection process. You can view them at your convenience and quickly move through the presentations to topics that interest you most. Visit the Tarion website for more information.
5. Talk with a real estate lawyer
It’s important that you meet with a real estate or condominium lawyer before signing an Agreement of Purchase and Sale to make sure you understand exactly what is and is not included in the price of your new home.
6. Read our Homeowner Information Package
Take the time to review Tarion’s Homeowner Information Package, which your builder will give to you before or during the pre–delivery inspection for your new home. This brochure, which is also available at www.tarion.com, explains your new home’s statutory warranty, and the responsibilities of both you and your builder.
7. Prepare for your Pre–Delivery Inspection (PDI)
Be prepared for the pre–delivery inspection. It’s your chance to do a thorough inspection of your new home to identify any items that are incomplete, damaged, missing or not operating properly, and have them taken care of before you move in. This is also a prime opportunity to ensure that everything has been built according to your Agreement of Purchase and Sale.
8. Become familiar with the new home statutory warranty and submit forms on time
You can familiarize yourself with the statutory warranty by visiting www.tarion.com. Here, you’ll find out more about what is and what isn’t covered by the warranty as well as the timelines and procedures to follow should a warranty–related item need attention in your new home. You can also register for MyHome, a web–based service that will allow you to manage your warranty online.
9. Maintain your home through the seasons
You’ve made a big investment in your home, so you should take care of it year–round. It’s important to remember that ongoing maintenance helps to ensure that your statutory warranty is protected. So, after you’ve moved in, follow an annual maintenance routine and help keep your new home in top shape.
10. Enjoy all your new home has to offer!
You’ve done a lot of research, decision–making and waiting by the time your reach this point. Now it’s time to enjoy all the wonderful things your new home has to offer.
Tarion has a wealth of resources available for new home buyers and homeowners. Check out www.tarion.com for more information.
www.newscanada.com
Previous Post

How much time has to elapse before it shows on the MLS as a new listing again?

Next Post

Increasing Your Mortgage Payments in Line with Inflation

Zoocasa

Zoocasa

Zoocasa.com is a full-service brokerage that offers advanced online search tools to empower Canadians with the data and expertise they need to make more successful real estate decisions. View real estate listings on zoocasa.com or download our free iOS app.

Related Posts

Great News for Buyers – Home Prices are Dropping in the GTA: TRREB
Affordability

Great News for Buyers – Home Prices are Dropping in the GTA: TRREB

May 4, 2022
What Is Steering, And What Are My Rights As a Home Buyer?
Buying a Home

What Is Steering, And What Are My Rights As a Home Buyer?

October 25, 2021
These are the Best Places to Buy Real Estate in Canada in 2021
Buying a Home

These are the Best Places to Buy Real Estate in Canada in 2021

July 6, 2021

Blog Search

No Result
View All Result

Recent Articles

Five Fixes to Maximize Property Value Before Selling Your Home

Five Fixes to Maximize Property Value Before Selling Your Home

May 20, 2022
The Most Viewed Homes in April 2022

The Most Viewed Homes in April 2022

May 18, 2022
Entering a Balanced Market Spells Relief for Many Buyers: CREA

Entering a Balanced Market Spells Relief for Many Buyers: CREA

May 16, 2022
New Owner of the Cheapest Home in GTA has Big Plans for Her “250 Square Feet of Paradise”

New Owner of the Cheapest Home in GTA has Big Plans for Her “250 Square Feet of Paradise”

May 13, 2022
first-time home buyer programs and rebates

Featured Listings (Updated Weekly)

Updated: 7 Houses Under $900,000 For Sale in Mississauga

Updated: 7 Houses Under $900,000 For Sale in Mississauga

May 11, 2022
Hidden Gems in London, ON Currently Listed for Sale Under $540,000

Hidden Gems in London, ON Currently Listed for Sale Under $540,000

May 6, 2022
Updated: Cheapest Toronto Homes Currently Listed for Sale Under $1,000,000

Updated: Cheapest Toronto Homes Currently Listed for Sale Under $1,000,000

May 3, 2022
The Cheapest Toronto Condos Currently Listed for Sale Under $600,000

The Cheapest Toronto Condos Currently Listed for Sale Under $600,000

May 2, 2022

Social Media

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

About Zoocasa

Zoocasa.com is a full-service brokerage that offers advanced online search tools to empower Canadians with the data and expertise they need to make more successful real estate decisions.

Newsletter Sign-up

Join 130,000+ weekly subscribers. Don’t miss important real estate news, market data, and buying and selling tips: sign-up here.

Social Media

Zoocasa Tools

MLS Listings Canada
Search Sold Listings
iOS App
Android App
Find an Agent
Contact Us

  • Homes & Real Estate Properties
  • Terms of Use
  • Privacy Policy
  • Contact Us

© 2015 - 2022 Zoocasa Realty Inc., Brokerage

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
No Result
View All Result

© 2015 - 2022 Zoocasa Realty Inc., Brokerage