Business REvIEw

House flipping may get pricier

New construction rules eyed

By ANITA DOLMAN
BUILDING A house could
soon be more work than
ever,

Professional home
builders, as well as people
who build their own homes,
covpid soon face much
tighter regulations.

The regulations, currently
working their way through
the provincial legislature,
are a spin-off of the leaky
condo problems in the lower
mainland,

If passed, they would re-
quire all homebuilders to be
licensed and all new homes
to have mandatory war-
rantics,

Unlike plumbers and other
professionals, builders do
not have to be certified.

“Right now Winnie the
Pooh could build a house,”
says Terrace building in-
spector Paul Gipps.

He says the new regula-

tions could mean a bit more
work for his office but he
thinks it will help to ensure
that anyone buying a new
homie isn’t a victim of faulty
construction.

“The province is saying
these people (builders) have
to be accountable for what
they do,’’ says Gipps.

The regulations would
mean that anyone building a
home for another person
would have to be licensed
and qualified according to
provincial regulations.

Homeowners who have
built their own home would
be required to sign a dis-
closure declaring to buyers
that the home was not built
by a certified professional.

According to the legisla-
tion being contemplated,
those homeowner-builders
would also have to leave a
security, in the place of a
warranty, for the buyers.

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The Terrace Standard, Wednesday, July 22, 1998 - A7

ALL HOME builders will face tighter regulations un-
der new rules introduced in the wake of southern
B.C, troubles with leaky condominiums.

That could leave anyone
who has made a career of
continually building, living
in and then selling houses at
a loss.

Gipps says it could cost
more for anyone in the busi-

ness of flipping houses.

‘“‘When they sell a home
they will either have to dis-
close that they don't have a
warranty or they will have
to become qualified,” he
says.

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