What Is a Home Inspection?
A home inspection is a visual check of a home’s structure and systems. If issues arise, buyers can negotiate repairs or a lower price. Serious problems may allow buyers to back out if no agreement is reached. Inspections happen after the seller accepts an offer.
Once both parties sign the purchase agreement, the home enters escrow. The inspection occurs before or alongside the home appraisal.
In Canada, home inspections often uncover issues such as water infiltration, structural deficiencies, and inadequate insulation. For instance, the “leaky condo crisis” in British Columbia highlighted widespread water damage due to poor waterproofing in residential buildings. Additionally, common problems include cracked foundations, drafty windows, and signs of moisture damage, which can lead to significant structural issues if not addressed promptly.
Buying a property is a significant investment, and a pre-purchase inspection helps you avoid hidden issues and make an informed decision. A professional inspector will examine the property, but as a buyer, you can take certain steps to prepare for this crucial process.
1. Research the Property’s History
Before the inspection, gather information about the property, including:
- Year of construction and past renovations
- History of floods, fires, or other damages
- Any legal issues or ownership disputes
2. Home Inspection: Make a List of Potential Issues
While touring the property, pay attention to possible warning signs, such as:
- Cracks in walls and foundations
- Damp walls, mold, or musty odors
- Electrical or plumbing issues
- Roof damage or missing shingles
3. Prepare Questions for the Inspector
During Home Inspection, you can ask important questions like:
- What is the expected lifespan of the roof, plumbing, and HVAC system?
- Are there any visible signs of structural problems?
- Are there any expensive repairs needed in the near future?
4. Be Present During the Inspection
Although not mandatory, attending the inspection allows you to receive detailed explanations about the property’s condition and directly observe any potential concerns.
5. Consider Additional Home Inspections
Depending on the property’s condition, it may be useful to hire additional experts to check for:
- Asbestos, lead-based paint, or mold
- Septic system condition
- Energy efficiency and insulation
Conclusion
Proper preparation for a property inspection can help you avoid costly mistakes and unexpected issues after purchase. Asking the right questions and being present during the inspection allows you to make a confident decision and negotiate the price if repairs are needed.
If you need help with your property, check out our free report: Free Building Report
