We have sold more than 40 vacant lots and acres to our clients. And based on our experience would like to suggest what you need to know before you make a decision to buy and get started.
1. Owner-built homes must be built on land owned by the owner. Your home will not qualify
for statutory warranty protection. 2. By building your own home, you are taking on the role of a builder with all related
responsibilities:
Workplace safety and insurance;
3. Obtaining all correct municipal permits and inspections; 4. Reviewing, revising, approving, supervising or directing work or materials; 5. Being responsible for any defects in construction.
WHAT TO DO IF YOU DECIDE TO SELL YOUR OWNER-BUILT HOME?
If you are selling before occupying it, contact Tarion as soon as possible before listing the house for sale. Tarion may be able to assist you in ensuring you are operating in accordance with the Ontario New Home Warranties Plan Act.
IMPORTANT: If you sell your home BEFORE OCCUPYING it and enrolling it with Tarion, you may be committing an offense and you could be charged under the Ontario New Home Warranties Plan Act. Those convicted may be subject to prosecution and fines of up to $50,000 and/or imprisonment of up to 2 years for individuals and fines of up to $250,000 for corporations.
REMEMBER, BEING REGISTERED AND PROVIDING A TARION-BACKED WARRANTY ISN'T OPTIONAL - IT'S THE LAW.
Written By: Anna Belyntseva (anna@jj.team)
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