Items resulting from a delay in exterior work such as applying paint, parging or stucco and pouring concrete driveways or sidewalks and final grading of the property– usually due to cold weather.
A ‘General Specification’ list which outlines construction and finish details, and includes information regarding the builder’s warranty and policies for handling legal arrangements and title transfer. Also includes the exterior and interior finish schedules. Specifications are an important part of the Agreement, and take precedence over working drawings, in the case of a discrepancy between working drawings and specifications.
This final statement of account reflects the financial history of all the events and agreements that have occurred between you and your builder, as well as the normal closing adjustments, including payments and monies due.
The failure of a load bearing component of your home to provide support. Items which are not considered structural defects are driveways, basement and garage floors, patios, sidewalks, retaining walls, and all other concrete work which is not load bearing.
The unused portion of the First Year Workmanship & Material Warranty coverage amount, up to a set limit can be applied to the costs to repair major structural defects affecting the load bearing components of your home, in the first 5 years. At the time of possession, the homeowner may choose to purchase extended coverage for an additional five year period, bringing the total length of the structural coverage to 10 years.
Working drawings which provide cross-sectional views and details of the structural components of your new home. These include foundation footings, basement walls, roof trusses, floor joists and load-bearing beams.
A document that illustrates the property boundaries and measurements, specifies the location of improvements on the property, and indicates any easements or encroachments.