Our Offices
Toronto
700 Bay Street, Suite 2000
Toronto, Ontario M5G 1Z6 (see map)
Phone: (416) 929-2200
Fax: (416) 929-2192
2040 Yonge Street, Suite 220
Toronto, Ontario M4S 1Z9 (see map)
Phone: (416) 486-2040
Fax: (416) 486-3325
Toll Free: 888-609-8888
Brampton
10 Wilkinson Road, Unit 22
Brampton, Ontario L6T 5B1 (see map)
Phone: (905) 455-5777
Fax: (905) 452-8135
Toll Free: 888-609-8888
| Final Inspection |
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By Jayson Schwarz Today we are going to address a small but incredibly important part of the process of buying that new home, the “Pre Closing or Pre Delivery Inspection” ("PDI"). As most of you know included in the adjustments on the purchase of a new home or condo (but not a conversion) is the cost of your Ontario New Home Warranty Program enrolment. Among the things that you are covered for are defects in the completion of your new home. Most of the Agreements of Purchase and Sale make the deficiency list prepared as part of your final inspection the only basis for repairs, subject to the major items such as foundation cracks. What does this all mean? When it is time to do the PDI know that if you don’t list it, you may not be able to compel the builder to fix it. Therefore it is critical you list everything!!! Here is a minimum list of what I believe will help you in making sure you are covered:
Remember that this inspection is in all probability the ONLY CHANCE YOU HAVE to deal with deficiencies, so make sure you check carefully. Some readers ask about what happens if the builder rushes them or something happened so they did not get the opportunity to finish. The answer is to IMMEDIATELY do a complete list and send it to the builder and to Tarion in order that the record is on file. There is probably more, and I do not warrant that this list is totally complete, I hope it helps in making you realise how important it is to do a thorough job on the PDI. Good luck and happy home hunting!!!!!!!!!!!!!!!!!!!!!!!!!!! |



