After recently closing on one of my pre construction condominium purchases, I decided to actually sit back and compose a little list of what to look out for (a) when purchasing that brand new condominium in the sales office and (b) when attending your pre delivery inspection. Purchasing a Condo: It is very important to know who the builder is. Visit some of the previous buildings or residential low-rise projects the builder has completed in recent years. One of the best tools to conduct research on a builder is actually found at tarion.com

  1. Who is the builder of your new condo?
  2. Their reputation: visit tarion.com for a list
  3. Their reputation: Ask your realtor (preferably me) to take you to see previous projects that the builder has completed. Often times, you'll get a great sense of the quality and craftsmanship the builder puts into their projects.
  4. Ask around - word of mouth and the power of referrals are usually the best way to figure out if something is well constructed or a lemon

PDI's: What to Bring and What to Prepare for:

  1. Bring your purchase agreement and upgrade list for the inspection as a checklist.  For those looking for a more complete checklist, you can also visit the Tarion website.  This checklist is designed for both house and condo inspection, and can be used as a guideline for review.
  2. Bring a small electronic device, such as a nightlight, to test the electrical outlets.  Chris discovered four outlets that were not operable.
  3. Set your expectations and be prepared that there will be unfinished items.  This way, you won't be disappointed.
  4. If items were missed during PDI, you can include them in the 30-Day Warranty Form to be sent to Tarion and the builder. There is also a final opportunity to report items on the Year-End Warranty Form. You can now complete and submit the Warranty Forms to Tarion through their website.
  5. Be prepared that the builder will require access to the suite, with notice, to complete any outstanding PDI items.

I know this is a very complicated procedure, so if you need some help or would like me to walk you through the process feel free to contact me. Being a consumer/investor myself, I know how tricky some of these steps can be.

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