What is Tarion and Who is a Tarion Builder?
Dear New Home Owners,
I have had the opportunity to work in the amazing world of pre-construction real estate sales for the better part of 5 years and I have learned a lot about Tarion. Knowing what the process is, what your Tarion warranty does and does not cover and the timelines of coverage will help you understand how it works. When you purchase a new home from the builder who is Tarion registered, part of your agreement of purchase and sale includes a Tarion warranty. This Tarion warranty registration kicks in once you buy the home to protect your deposits and outline possible closing dates and runs up to 7 years after close.
Tarion also has a list of registered builders who are Tarion registered. This is a great resource to you as a buyer doing research on potential builders. Simply click on the builder to see how many closed builds and if there are any claims against the builder you are considering.
Assuming all has gone well with your research, the chosen builder has built your dream home, and you have been given a closing date, you will have a scheduled Pre- Delivery Inspection or PDI date with your builder. This inspection report will be completed with you and your builder and you will get a copy. Many builders will get to completing this list for you over the coming weeks but it is always a great idea to list items with Tarion. PLEASE be aware that Tarion only accepts 1 form in 30 day period. This is taken directly from Tarion and I thought I would share but the best way to keep on top of dates is to register for MyHome to manage your warranty online.
1. A 30-Day Form may be submitted during the first 30 days of possession. It should list any unresolved warranty items from the Pre-Delivery Inspection and any new items that have come up since you obtained possession of the home.
2. A Year-End Form may be submitted during the last 30 days of the first year of possession. It should list any items that are still unresolved and any new items that have come up. Note: Tarion will only accept the first Year-End Form that is submitted.
Please keep in mind you are absolutely allowed to move in if siding isn’t complete, sod isn’t laid and grading finished but do make a note of these items on your Tarion list. Some items cannot be completed due to weather like sod installation and grading so keep this in mind.
Tarion has a very comprehensive website that explains the nuts and bolts from thinking about buying right up to the 7th year. Or have a look at our other blog for New Build Home Buyers in Ontario to read more about Tarion Warranty.