When it comes to purchasing a home, ensuring it’s the right fit for you and your family is important. From securing the right financing to confirming that the property is in perfect condition, it can be a lot to focus on. When it comes to checking the condition of the property, it’s always recommended to have a home inspection.
What is a home inspection?
A home inspection is a full, detailed look at the property that reports on the condition of the home. Home inspectors will investigate each room of the home to find structural issues, water damage, insect or pest problems, or any other costly expenditure the potential homeowner may face.
Why are home inspections important?
Home inspections are critical to the home buying process. Typically, at the time of putting in an offer to purchase a home, an owner would request the condition of having a home inspection done on the property to make sure it is in good repair. This is to ensure that if there are any defects or issues with the home, they can be resolved prior to committing to purchase, or that the buyer can walk away from the purchase if the home is unsatisfactory.
Are home inspectors licensed?
Home inspectors are only required to be licensed in three provinces within Canada: British Columbia, Alberta and Ontario. Licensing in provinces is fairly new. Alberta rolled out regulations first in 2011, British Columbia in late 2016 and Ontario as of late 2017. This means other provinces are not currently regulated, but there are organizations you can ensure your inspector belongs to such as the Canadian Association of Home & Property Inspectors (CAHPI). It’s highly recommended if you are in a province where regulations don’t apply that you ask questions of your inspector before hiring. You may want to ask:
- What do/don’t you check?
- What’s your experience in the industry?
- Can I see an already completed report?
How much does a home inspection cost?
The cost of a home inspection can vary depending on the scope of the inspection as well as the size of the home itself. The cost can range from $350 up to $600 on average. It’s always recommended to request a quote and a list of services provided from multiple inspectors before making your selection. And don’t forget to ask if they do thermal imaging!
Who should be present during a home inspection?
If you want to get the most valuable information on the home, being there with the inspector is crucial. Not only will the inspector typically show you key focus points for the inspection, but you can also learn pointers of what to look for yourself in the future. Another important person to have would be your REALTOR®, as if anything does arise from the inspection, your representative can negotiate with the seller.
What are some top issues to consider when purchasing?
With purchasing a new property, some issues can be costlier to remedy or proceed with the purchase. Some of these defects can include:
- Structural problems
- Pests and termites
- Water damage or plumbing defects
- Mold or asbestos
- Wiring and electrical issues
- Heating and air conditioning malfunctions
- Well water complications
- Roof leakage
- Building envelope issues
When it comes to purchasing a home, always remember that there can be defects you are unable to see at first glance. It’s always recommended to have a professional inspect the home to ensure your family’s investment is safe and sound for your future.