Home Inspections... Just another expense?

By
Home Inspector with Electrospec Home Inspection Services

Congratulations! You've found the perfect home, and now it's time to do the offer and close the deal. Many home buyers are feeling a cash crunch by this time, and may be wondering why they would want to incur yet another expenditure, such as a home inspection. A valid consideration!

 

In our experience, a home inspection can do two important things.

 

Firstly, buyers will have an unbiased, professional opinion of the overall condition of the home, and an understanding of any areas of concern. Home buyers can be made aware of hidden or unrecognizable defects or potential problems in the home. Sometimes the knowledge gained during a home inspection can provide enough confidence to get people over the hump.

 

Secondly, and equally important, is the opportunity to have a thorough explanation of how to operate and maintain the home. The inspector can give buyers a wealth of information about the different types of systems and components in the home. He or she will also cover how each system works, life expectancy, current conditions, and advice that will help the future homeowners to move in and live more successfully in their new home.

 

Purchasers can use the inspection as a seminar in home ownership.

 

Inspector explains to buyer

 

10 Tips for Best Value

  1. Recognize that from a structural or mechanical point of view there are few, if any perfect houses. Don't be disappointed if the inspector indicates numerous items in the house that need repair, maintenance or monitoring. Most of these items will likely be minor in nature. Only a small percentage of homes have significant structural or mechanical deficiencies.

  2. Ask questions. If you're not sure - stop the inspector and ask. Inquire about timing for suggested repairs. Should they be done immediately, or can they wait a month, or a year? This helps in creating an effective budget strategy.

  3. Ask for possible solutions for any areas that need repair. There's usually more than one way to make a repair. The more options you have, the better the choices you can make for yourself.

  4. A pre-purchase inspection can be used to view the house more objectively. And this can assist you in being more comfortable with your purchase.

  5. Realize that the age of the home may have an impact on the condition of the systems and components. However, "older" does not necessarily mean problematic. Many older materials and workmanship are of high quality, and have longer life expectancies than their modern replacements.

  6. Do your research and choose an inspection company wisely. Not all companies offer the same services and levels of professionalism.

  7. Look for someone who is a professional home inspector. Even a builder or an engineer is not automatically a good home inspector.
  8. Inquire about the level of experience of the individual inspector. Finding the symptoms and clues of problems, and deducing their meaning can't be learned by building new homes, or doing renovations. On-site practical experience is proven to be the best preparation for inspecting resale homes.

  9. Look for an inspector or company you feel comfortable with, in terms of their ability to communicate with you. An inspector should be able to empathize with your individual situation - otherwise you may lose a valuable opportunity to learn the most about your new home.

  10. Finally, if you can hold that any problems or defects are not something "terribly wrong" with the property and look at them simply from "how much will it cost, in terms of time or money, to correct things - then you'll have a better, and more objective understanding of the true nature of the situation.

 

A pre-purchase home inspection won't eliminate all the risk associated with home ownership. It can however, be a value-added, information gathering process that gives you a better understanding of your new home.

 

Visit my home inspection wesbsite at www.electrospec.ca

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Topic:
Real Estate General Information
Location:
Ontario
Groups:
Royal LePage Canada~Referrals, Tips & More!
Tags:
buying a home
canada
home inspections
home inspectors
ontario
find a home inspector
choosing inspector

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Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Home inspections are very important and are worth the cost!

Dec 27, 2016 07:00 AM #1
Rainmaker
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Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

This is a very nice list. I always recommend the buyer be present for the inspection so they can learn about the home, see problem areas first-hand, and ask questions. Thanks for sharing.

Dec 27, 2016 08:02 AM #2
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Rainmaker
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Gil Strachan

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