Home Buyer Resources | Trico Homes | New Home Builder in Calgary Alberta. New Houses, Townhomes and Condos

Home Buyer Resources

Glossary
home-buyer-resources#glossary

Terminology and phrases utilized throughout the building process may not be familiar to you. We have listed common terms and phrases for your reference. If you require additional information or clarification, please contact your Area Manager, as they will be with you throughout the building process to answer any questions or concerns that you may have.

Builder

A person or company that builds homes.

Builder Performance Protection

The Alberta new home warranty program safeguards the construction process by providing up to $30,000 towards completion costs or the discharge of builders' liens. This includes up to $3000 in excess legal fees that may be incurred by the purchaser.

Building Permit

A certificate, which must be obtained from the municipality by the property owner or contractor before a building can be erected or repaired. It must be posted in a conspicuous place until the job is completed and approved by a municipal building inspector.