Tag Archives: Protection

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How to make sure your home is protected during renovations

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How to make sure your home is protected during renovations

You spend the best hours of your life at home with the ones you love, so why settle for second best when you can turn your property into a dream place to live? Renovating your home allows you to do just that, and it can cost less than you think, as well as potentially raising the value of your property. It’s important to remember, however, that renovations can also potentially damage your property, which is why you should always protect your home while improvements are being carried out. Here’s why home insurance is so important, and how to find the best policy at the best price.

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Protecting your home’s surfaces

Whether you’re renovating your property from top to bottom or carrying out home remodelling on a smaller scale, it can make a huge difference to how your rooms look and feel. It’s also important to remember, however, that whilst the renovations are carried out, vulnerable parts of your property are facing threats that simply wouldn’t be there at other times. Dripping paint can attack carpets and flooring, while glass, walls, and ceilings can easily be damaged by the slip of a hand or a tool. For this reason, you should always carry out a thorough risk assessment of your home before carrying out renovations. Always use dust sheets and masking tape to protect vulnerable areas, and only use tools in accordance with the manufacturer’s instructions and safety guidelines.

The importance of home insurance during renovations

Taking the precautions outlined above will reduce the risk of accidental damage occurring in your home during renovations, but it can’t negate the risk completely. That’s why it’s essential to have a comprehensive home insurance policy in place that will cover the cost of damage caused during home improvements, whether that be damage to contents of the home such as its furniture and furnishings, or damage to structural components such as doors, ceilings, and windows. Your home may also be exposed to the elements during major renovations, so a policy that covers environmental damage is also a good idea. Having this insurance ready and waiting can provide that all-important peace of mind, as well as ensuring that you don’t end up significantly out of pocket if the worst happens.

How to find the best home insurance policy

Not all home insurance policies are the same, so if you are planning future renovations, always ensure that your policy covers accidental damage first, as well as providing contents insurance. Reading the small print may not be exciting, but it can save you a lot of disappointment later on. It’s also important to ensure that you’re getting a great price for your insurance, and that’s where specialist sites such as Lowest Rates can prove invaluable. Home insurance quotes in Ontario and beyond can be compared at the click of a button, so you won’t have to pay more than you could be. Don’t be tempted to simply take the first policy you see advertised, shopping around and comparing can take less time, and save you more money, than you think.

With the appropriate physical protection in place and the financial protection that comes from having a great value home insurance policy, you can carry out those home renovations you’ve always dreamed of. When your home looks exactly as you want it to, every day will be a joy, so why wait to transform your property?

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How to Keep Your Home Protected During a Home Improvement Project

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How to Keep Your Home Protected During a Home Improvement Project

If you’re looking to make some changes around your property, ensuring your home stays well protected is crucial. During a home improvement project, debris and dust can spread, so taking precautionary measures from the get-go can help to reduce any mess left around your property. Here are some helpful tips for keeping your home protected during a home improvement project.

Clear the Area

Before any work can begin on your property, it’s important to clear the area first. Things such as furniture, decorations, or clothing can easily get damaged, so ensuring you have a room that’s spacious and empty is key. What’s more, the last thing you want is to cause any damage to your belongings, so taking precautionary measures before you get to set to work can help to reduce any dust or debris from spreading.

Cover Your Belongings

If you have any furniture that cannot be moved out, you will need to ensure that they are covered and protected during a home improvement project. No matter the size of the work being carried out, it can be hard to control debris, dust and paint, so you may want to visit websites like Trimaco who offers a wide selection of protection products for floors and other areas, helping to keep your home and belongings safe during home renovation.

Keep the Area Separate

If you live in a busy household, let others in your property know what area of the home is being worked on. Sealing the area off will not only let those in your home know not to enter the room, but it can reduce the risk of any injuries from occurring. If you have hired a contractor to carry out work, they can give you more advice on what you can do to make sure this area is strictly out of bounds, such as affixing plastic sheeting to your doors.

Throughout a home improvement project, it’s important that contractors can get to where they need to work without any problems. To prevent mud spilling into your property, laying down a path made from materials like carpet scraps can be a good place to start. Once work has finished, make sure to go outside with the scraps and shake them to ensure any debris or mud is removed.

Keep on Top of Things

Whether you’re making a few subtle changes or a large renovation project, dust and debris can cause havoc in your home from the beginning, therefore, it’s crucial that you keep on top of things by doing regular cleaning. Ensuring that your home is not only safe for you, but also your contractors, is important. If you have excess dust, knowing how to minimize this mess can be a huge help.

Whether you plan to go down the DIY route for your home improvement work, or hire outside help, keeping your property protected throughout is a must. Whether it be covering your furniture, sealing the area off, or regular cleaning, there are various things that you can do to ensure the task is completed accordingly to plan (and without too much mess!).

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Report: Questions to Ask a Real Estate Lawyer

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Report: Questions to Ask a Real Estate Lawyer

When Buying a Newly Built Condominium

If you’re in the market for a new condo, your real estate lawyer can be a good source of advice and of important information about your warranty rights and responsibilities.

Before you sign your Agreement of Purchase and Sale — a critical first step toward becoming a condo owner — here are a few common questions to ask your real estate lawyer:

1 Is my entire deposit protected?

Under the Condominium Act, the whole deposit must be held in trust or alternate security provided. So, your entire deposit is likely protected in the event that the builder cannot complete the project. Tarion provides deposit protection of $20,000 in the rare instance where trust money is improperly released.

2 Why is it taking so long to build my condominium?

Condominium projects can take a long time to build. To better understand the anticipated timeline for your condo, carefully review the Addendum to your Agreement of Purchase and Sale with your real estate lawyer. Here’s what to look for: On page one of the Addendum, you’ll find a few key dates:

  • The first date (listed as either “Firm” or “Tentative”) is called the “Occupancy Date.” Think of this as the builder’s first and best estimate for when your condo will be ready for occupancy. With proper notice, this date can be moved by the builder.
  • The second date is the “Outside Occupancy Date.” This is the builder’s estimate for completion in the event there are unanticipated delays. This date cannot be moved unilaterally by the builder because it is a firm commitment and is usually set years in the future.

On page two of the Addendum you’ll find information on the status of the project at the time of signing. For example, the builder must check off if he/she has obtained formal zoning, and if construction has commenced. If neither of these boxes are checked “yes,” the project may be years away from completion. Keep in mind, however, that money held in trust doesn’t get released until the project gets finished.

3 Are upgrades covered by my warranty?

Almost all new condos in Ontario are protected under warranty. But that warranty only covers what is contained in your Agreement of Purchase and Sale. Extras — such as upgrades that are not included in your contract — will not be covered under the warranty. What’s more, anything agreed to on a handshake or verbal promise will not be protected. So if you request additional items, work with your real estate lawyer to make sure everything is in writing!

For more tips for condo buyers and to learn more about new condo warranties, visit Tarion.com

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Report : Tarion

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Report : Tarion

Almost Every New Home in Ontario is Protected. Is Yours?

Did you know that almost every newly constructed home in Ontario is covered by the province’s new home warranty?

And that every new home builder must be registered with Tarion? It’s one way you are protected from buying a home from a builder who cannot pass the technical or financial requirements needed to legally build homes in Ontario. Ensuring that your builder is registered with Tarion is key to making sure one of your biggest investments is protected.

Your builder must be registered

Almost all new homes in Ontario come with a new home warranty. The warranty is provided by registered builders. Tarion backstops the warranty in the event that the builder cannot or will not fulfill their obligations. Warranty protection begins as soon as you sign a purchase agreement, and includes protections for your deposit and delayed occupancy. Once you move in, the new home warranty can last up to seven years. If your builder is not registered, it means your home is built illegally. It also means you are likely not aware of the warranty protection to which you may be entitled.

Illegal building puts you at risk

Illegal home building has led to the completion of substandard homes, puts home buyers at risk, and hurts the reputation of the building industry.

When examining illegally-built houses, Tarion representatives often find that the homes haven’t been built to meet the requirements of the Ontario Building Code.

Illegal builders may also be less likely to follow workplace and health and safety laws, which can leave home buyers open to potential liability.

What’s more, when an illegal builder fails to inform the buyer about the mandatory warranty, home buyers may miss out on warranty coverage because claims are filed too late.

In 2015 alone, Tarion paid over $2 million in claims on illegally built homes.

Research your home builder

There are steps you can take to protect yourself from purchasing an illegally-built home. Before entering into any type of purchase agreement, research your builder on Tarion’s Ontario Builder Directory. This comprehensive directory provides a 10-year history for all registered builders, as well as for those who are no longer registered to build homes or have been refused registration.

Don’t be swayed by builders who claim that they have a special exemption or that you don’t need the statutory warranty because they offer their own. Being licensed and providing a Tarion warranty isn’t optional — it’s the law.

Get informed. Exercise your responsibilities and protect your warranty rights. For over 40 years, Tarion has administered the warranty program and regulated Ontario builders. Since 1976, the new home warranty program has enrolled more than two million Ontario homes, and provided consumer protection to millions of new home owners — delivering more than 40 years of building confidence.

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Buy With Confidence : Tarion

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Buy With Confidence : Tarion

Tarion – Ensuring your new home is protected.

Your new home is more than just bricks and mortar. It’s where family comes together, traditions are founded and celebrated. Your home is an extension of your personality and lifestyle; it’s part of who you are.

There is no doubt that your new home is special to you. As one of the biggest investments you will ever make, it’s also why you should ensure it’s protected. Whether you’re thinking about buying a new home or you’ve already moved in, there are many things you should know when owning a newly built home.

PROTECTING NEW HOMEOWNERS FOR OVER 40 YEARS

In Ontario, most new homes come with a warranty from the builder that is backstopped by Tarion. Tarion helps homeowners enjoy their new homes by ensuring Ontario’s registered builders fulfill the terms of their warranty.

Since 1976, Ontario’s new home warranty program has registered over two million homes and paid out hundreds of millions of dollars in warranty claims. Since then, Tarion has remained committed to protecting new homeowners’ rights across our province.

For more than 40 years, Tarion has protected new homebuyers and owners by ensuring that builders are accountable for standards in construction and customer service. Tarion’s role allows Ontarians to buy a new home with confidence and have somewhere to turn if these standards are not met.

Since its inception, Tarion has made numerous improvements to the warranty to expand protections, but new homebuyers and owners must do their part too. It’s important to understand the warranty and follow the correct reporting processes. Some tips to keep in mind to protect your new home:

UNDERSTAND THE DEPOSIT PROTECTION LIMITS

For freehold homes, you’re protected up to $40,000 for deposits and $20,000 for condominiums (in addition to the protections in the Condominium Act). While these limits may seem too low for heated markets like the GTA, they are above provincial averages.

YOUR BUILDER MUST BE REGISTERED

All new homebuilders in Ontario must be registered with Tarion – it’s the law. Don’t be swayed by builders who claim you don’t need the statutory warranty. You can check to see if your builder is registered by visiting the Ontario Builder Directory at Tarion.com.

INSPECT YOUR NEW HOME PROPERLY

Before you move in, complete your Pre-Delivery Inspection with your builder. This is an official record of the condition of your home before you moved in, so be sure to note anything that may be damaged, incomplete, or not working properly.

Tarion and the Ontario new home warranty program are here to help protect your investment – so you can enjoy your home to its fullest.

For more information about the new home warranty, visit Tarion.com.

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