Two more mistakes new home buyers make and how to avoid them:
Not consulting a lawyer
When you purchase a home, you need to sign an agreement outlining the conditions of the sale. If you sign without a lawyer, you could put yourself in danger of unwanted provisions, and the inability to renegotiate the terms of sale. Don’t sign anything without a lawyer present, and if you do sign, you MUST ensure there’s a clause that states the agreement is conditional upon approval by your solicitor.
Not having an inspection
An inspection is integral when buying a new home, and there are two times when it should be done. The pre-delivery inspection is a mandatory visit where you walk-through with your builder before officially taking possession of your home. It’s important to note down any deficiencies, so if you don’t know what to look for, bring along a friend who does. For the second walkthrough, which is just before the warranty expires, ensure that you hire a building inspector. By now, any wear and tear on the home will be evident, and you will be able to get any problems fixed under the standard provincial warranty which covers material and labour defects.
Check back on Monday for two more mistakes new home buyers make and how to avoid them! If you missed the last two, click here.
