Info for Buyers - The Importance of a Home Inspector

Dated: April 14 2021

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The importance of a home inspection

So you’ve found a house you love. Great backyard, gleaming hardwood, and the kitchen of your dreams. But what about the furnace? The wiring? Leaks in the basement? Before you buy, have the home inspected; no matter how experienced you are as a homeowner, it’s the best way to make sure you really know what you’re getting into.

A home inspection will give you the information you need to make an informed decision. The inspector will determine the condition of the house you’re thinking about buying and let you know if there are any problems. (And the great thing is, the inspector doesn’t care if you buy the house or not, so you can be sure he or she is being objective, even if you’re not.) If you have to make an offer before having a home inspection, make it conditional on a satisfactory inspection.

If there are any problems, you have three options:
1. Walk away.
2. Use the results to negotiate a better price.
3. Give the seller a chance to fix the problem.

What happens during a home inspection?

The inspector meets you at the home you want to buy and carefully inspects the entire house for structural, mechanical or other issues. They examine everything from the foundation to the roof and everything in between, including heating and air conditioning, plumbing, wiring and electrical, insulation, roof, windows and doors, walls, ceilings, attic and basement. You can accompany the inspector as he or she goes through the home, or you can meet with them just following the inspection for a verbal debriefing. 

The inspector then prepares an inspection report that outlines problems (breaking them down into major repairs that need to be done right away and areas that will need attention in the future, with accurate cost estimates for each), highlights good points, and gives you an idea what kind of maintenance you’ll need to do to keep the place in good shape. Make sure you ask for a detailed report that’s written in a narrative style. Never accept a verbal report or one that’s just a checklist.

How much does it cost?

Most inspections cost between $250 and $500. Think of it this way: a few hundred bucks could save you thousands in-home repairs, or hundreds of thousands in a home that has serious issues. That's a small price to pay for significant peace of mind.

How do I find a good inspector?

Look for a reputable, qualified company that has been in business for a while, can provide references from previous customers, is fully insured and offers guaranteed inspections. Inspectors should be licensed in building-related fields such as contracting, architecture or structural engineering. Your REALTOR® can recommend a reputable, objective inspector at your request, or you can find one by asking friends or by looking in the phone book.

When you’ve fallen in love with a house, it’s hard to see any faults on your own. Make sure the decision is a good one, and get it inspected so you can be sure you stay in love – for years to come.

If you're starting to think about buying a home, we'd love to help. Contact us today to discuss your home buying goals and how Team Ellis can help achieve them.

Trademarks owned or controlled by The Canadian Real Estate Association. Used under licence.

 

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