The Value of a Home Inspection

A home inspection is an objective visual examination of a home's structure and systems performed by a professional inspection company at the request of the buyer and should be specified in the contract.

Why get a home inspection?

There are a number of reasons why RE/MAX Select Properties recommends a home inspection including:

• To ensure you are not surprised by major defects.
• So you can be advised about the various elements of the home including - heating and cooling systems, structure, electrical and plumbing systems.
• To learn how any mechanical systems work and the need to be maintained.
• Most homeowners are not experts in the numerous components of house construction and will rely on professional advise.
• A third party can be objective as there is no emotional attachment.

Whom should you hire?

Home inspectors are often referred by family or friends. Your RE/MAX Select agent can also provide you with a list of inspectors. Look for one that is trained and certified by a national organisation such as Canadian Association of Home Inspectors (CAHI) or National Institute of Building Inspectors (NIBI) and who has errors and omissions insurance. Do not hire someone who will do any suggested work due to the potential for conflict of interest.

When should you call?

Order the inspection after your offer has been accepted. The contract will stipulate the length of time you have to complete the inspection.

What is involved?

The home inspection will determine the structural and mechanical soundness of the home. Your home inspector can identify existing and potential problem areas, suggest possible solutions and provide estimates for the cost of the work required. You will receive a report outlining the inspection findings. You should accompany the home inspector during the inspection or arrange to meet them at the home so they can walk you through the report. If as a result of the inspection, you have further concerns about specific items on the inspection, have a specialist in that area conduct a more extensive examination.

What does it cost?

Costs vary depending on a number of factors including: size and location of the home, features, age, and services required. Additional services may include radon, septic and well testing. Your RE/MAX agent can assist you in obtaining a quote from a potential inspector before you enlist his/her services.