The importance of Home Inspections before buying

Jump to Page:
< Previous  [ 1 ]    Next >

Member since: Jun 06
Posts: 188
Location: Toronto/GTA

Post ID: #PID Posted on: 17-12-06 21:08:16

A home inspection prior to purchasing a home or condominium can bring peace of mind when you sign the sales contract. Knowing what to expect both inside and out will help you make an informed decision about the value of the home and the future upkeep.

A home inspection accomplishes two important goals. First, it gives you a chance to determine the condition of the house, its structural soundness, and the condition of its mechanical systems. Second, it brings any problems to the seller's attention at a time when they can be resolved before closing a sale.

If you sign a contract before inspection, consider including a clause that the sale is contingent upon a satisfactory structural inspection, and specify when the inspection is to be carried out. That way, you are protected.

A comprehensive inspection includes a visual examination of the structure from top to bottom, including the heating, air conditioning systems, the interior plumbing and electrical systems, the roof and visible insulation, walls, ceilings, floors, windows and doors, the foundation, basement and visible structure.

Following the examination, the inspector will provide a report that not only points out possible defects or areas of concerns, but also the positive aspects of the structure as well as the type of maintenance that will be necessary to keep the home in good shape.

Even the most experienced homeowners lack the knowledge and expertise of a professional inspection firm. For example, watermarks in the basement may indicate a chronic seepage problem, or simply may be a result of a single incident.

A professional assessment will provide complete information about the condition of the property you are considering and will help avoid any unpleasant surprises after the sale. In addition, a home inspector can remain totally objective, while you as a prospective homebuyer may be emotionally involved.

The inspection fee for a typical single-family house can vary depending upon the geographic area. The particular features of the home such as size, age and special structures will be taken into consideration. A decision to have a home inspected is a good investment. You might save many times the cost of inspection by being aware of defects, maintenance requirements, and upgrading requirements.

Good decorating should not sell you on a house. Remember, you're also buying structural and mechanical systems. Walk through a house twice before you hire an inspector. The first time, look at the rooms, the floor plan, and envision your own decorating ideas for the house. The second time, go back and look at the condition of the walls, doors, appliance, and plumbing. If the home still looks good after two visits and you're getting serious about the purchase, hire an inspector.

Inspectors should be licensed in building-related fields; architects, contractors, and structural engineers are good examples. When interviewing a potential home inspection firm, carefully inquire about the specifics of their work and company. Ask how long they have been in business, ask for references from previous customers. Find out what type of insurance they carry and do they guarantee inspections?

A home inspection usually lasts about three hours. Professional inspection companies will be happy to answer all your questions. Avoid firms that issue only a verbal report. The report should be in narrative form, not just a checklist of items inspected. The home inspector should also issue a written report with accurate cost estimates for any major defects discovered during the inspection. You may find it valuable to accompany the inspector as he goes through the house.

Property inspections are not limited to residential properties. Many inspectors help homeowners with analysis and solutions to specific problems such as energy conservation, wet basements or cracked foundations. Inspectors also inspect work upon completion to ensure that a contract has been properly fulfilled.

If you are considering purchasing a home, I advise that you invest in an inspection by a reputable and qualified inspection firm. Buying a home is one of the biggest decisions you will make. Know what you are buying and what your future upkeep obligations will be.

Vimal Patel

Vimal Patel, Realtor
Homelife Royalcorp Real Estate Inc., Brokerage
Cell: 416-887-3745
Office: 905-856-6611
Fax: 905-856-6232" rel="nofollow">LINK

Jump to Page: < Previous  [ 1 ]    Next >

Discussions similar to: The importance of Home Inspections before buying

Topic Forum Views Replies
The people who are buying a property say a house in Canada - Toronto is it neces
Life 1565 3
Should I take 4.3% Fixed for 5 years or 3.4% variable? ( 1 2 )
Real Estate & Mortgages 2863 10
Consumers' right against realtors & Home inspectors?
Life 1692 1
Tax on getting huge amount from home country
Accounting and Taxation 1395 0
Withdrawing offer to buy a house ( 1 2 3 )
Real Estate & Mortgages 4579 18
Is Final Inspection Needed?
Real Estate & Mortgages 1693 4
The importance of Home Inspections before buying
Real Estate & Mortgages 1526 0
Home owners, What Insurances you ha(d)ve on your Home purchase ( 1 2 3 )
Real Estate & Mortgages 3435 18
Home inspection and purchase home ( 1 2 )
Real Estate & Mortgages 2455 8
Home Inspection
Real Estate & Mortgages 1557 2
Home Inspector
Canadian Sakhi 1923 4
Home Inspection while buying house ( 1 2 )
Real Estate & Mortgages 2409 7
Wood/Timber Homes - Advantages and Disadvantages
Real Estate & Mortgages 2854 2
Home inspector
Real Estate & Mortgages 1813 4
What expenses can be claim in Income Tax return for home in Canada ?
General 1191 1
Help from realestate experts
Real Estate & Mortgages 1143 1
Home Inspector Lawyer & Realtor : recommendations / caution ( 1 2 3 4 )
Real Estate & Mortgages 6845 24
Why Home Inspection Is necessary if you are investing in a property ?
Networking 1316 0
what kind of fraud is this?
Real Estate & Mortgages 1717 3
How much is Home Home Inspection Important in Bidding war type market?
Real Estate & Mortgages 1341 3
home inspection ( 1 2 )
Real Estate & Mortgages 1952 7
What is requirement for first time home buyer
Real Estate & Mortgages 1982 3
Bank valuation - can buyer pull out of the deal?
Real Estate & Mortgages 1668 4
Conversion from Principal home to investment property ( 1 2 )
Accounting and Taxation 1740 7
PDI - Buying new house from a builder
Real Estate & Mortgages 1996 6


Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions

Site designed, developed and maintained by Marg eSolutions Inc.