Home Inspections

Home Inspections

Why Do I Need a Home Inspection?

Was your home a former Grow Op?
 Was it built on unstable soil? 
What about Radon Gas Issues?

 Know what you are buying
 before it’s too late.

Very simply, a house is the single largest investment most individuals will ever make. Luckily, more and more purchasers are coming to understand the wisdom of a thorough home inspection prior to committing to its purchase. This is because home inspections have proven to be a positive and educational experience for prospective home buyers.

Having a professional home inspection may also reveal serious issues with a property you intend on purchasing. Is the home in an area known to be subject to Radon Gas? Is there any chance that the home was a former Marijuana Grow Operation or a Meth Lab? The fact that a house may not appear on the Vancouver Police listing of known properties that were former grow ops, is no guarantee that the home you’re considering wasn’t. Would you know what to look for? Is the home in an area known for unstable soil conditions? These are all issues that a professional home inspector will make you aware of during your home inspection. Miss them and your family’s health and safety may be at risk, not to mention the hole it will burn in your pocketbook to resolve them later.

Neglecting to Have a Home Inspection of Your New Home 
Could Be the Most Costly 
Mistake of Your Life!

Why Take That Chance?

– My Home Online

Purpose of a Home Inspection

The purpose of an inspection is to determine the condition of a property at the time of purchase, or afterwards in cases involving litigation, in order to disclose the following:

  • Serious deficiencies (usually defined as repairs in excess of $1,500)
  • Replacement and repair requirements
  • Age and life expectancy of major components
  • Positive aspects of the home
  • Maintenance and safety information

Top 10 Home Inspection Benefits

1. It Provides an ‘Out’ :

A quality home inspection can reveal critical information about the condition of a home and its systems. This makes the buyer aware of what costs, repairs and maintenance the home may require immediately and over time. If a buyer isn’t comfortable with the findings of the home inspection, it usually presents one last opportunity to back out of the offer to buy (this step is important when purchasing a property because it may save you thousands).

2. Safety

A home inspection can detect safety issues like radon, carbon monoxide and mold, which all homes should be tested for. Make sure that your home-buying contract states that should such hazards be detected, you have the option to cancel the offer to buy.

3. Reveal Illegal Additions or Installations

A home inspection can reveal whether rooms, altered garages or basements were completed without a proper permit, or did not follow code. If a house has illegal room additions that are un-permitted, it affects the insurance, taxes, usability and most of all the overall value (in essence, a buyer is purchasing something that legally does not exist). Even new homes with systems that were not installed to code will become the new homeowners’ financial ‘problem’ to fix (and finance).

4. Protection

Home inspections are even more critical if you are buying an ‘as-is’ foreclosed property or short sale. Dwellings that have been boarded often develop hazardous mold problems, which are costly to remedy and pose health concerns. Surprisingly, it’s not uncommon for home inspectors to find that copper plumbing lines and outdoor compressors have been removed from foreclosed properties by people trying to sell copper to recyclers for money.

5. Negotiating Tool

The home inspection report presents an opportunity to ask for repairs and/or request a price reduction or credit from the seller. Work with your realtor to understand what requests can and should be made to negotiate a better deal.

6. Forecast Future Costs

A home inspector can approximate the installation age of major systems in the home like plumbing, heating and cooling and critical equipment like water heaters. They can diagnose the current condition of the structure itself and tell you how long finishes have been in the home. All components in the home have a ‘shelf-life’. Understanding when they require replacement can help you make important budgeting decisions and it will determine what type of home insurance coverage or warranties you should consider.

7. Determine ‘Deal-Breakers’

Home inspections can help buyers identify how much additional money or effort they are willing and able to spend to take the home to a condition that is personally acceptable. If you are unwilling to repair issues like faulty gutters, cracked walls or ceilings, perhaps you are not ready to end your home buying search.

8. Learn to Protect Your Investment

The home inspector is a valuable educational resource. He or she can suggest specific tips on how to maintain the home and ultimately save you thousands of dollars in the long term.

9. Reveal the Big Picture

Use the home inspection to understand the nuances of what may be the biggest purchase you’ll ever make. People often fall in love with a piece of property based on the color of the walls, the location of the home, or something else but can be completely blind to the issues that can make that ‘dream home’ a nightmare.

10. Insurance

Some insurance companies will not insure a home if certain conditions are found, or without the presence of certifications like Wind Mitigation and four-point inspections. Qualified home inspectors can do these things at the same time as their other services and save the home buyer time and money in the long run.

The Bottom Line

It is your responsibility to understand as many details as you can about the property you may soon call home. Home inspections reveal the inner workings of the property, allowing you to be informed of all the perks and pitfalls the home has to offer.

What’s in a Home Inspection?

Click one of the buttons below to learn more!

Visual learner? The interactive diagram below is intended to help you identify the important components and major home systems inspected in every My Home Online home inspection. Blue icons represent inspection focus points while the red icons highlight areas where the dangerous gas Radon could enter your home.

International Standards of Practice for Performing a General Home Inspection

 

The International Standards of Practice for Performing a General Home Inspection are a set of guidelines for home and property inspectors to follow in the performance of their inspections. They are the most widely accepted Canadian home inspection guidelines in use and address all the home’s major systems and components. To download the International Standards of Practice for Performing a General Home Inspection please click the button below.

 

DOWNLOAD THE STANDARDS OF PRACTICE

Protecting Your Interests

Each inspection comes fully backed with industry leading protection plans.

 

Certified Inspectors

Choose to have your home inspected by a Certified Master Inspector (CMI).

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