Why Do You Need a Home Inspection?
Pre-printed wording in standard agreements states in bold: “The Buyer acknowledges having the opportunity to include a requirement for a property inspection report in this Agreement and agrees that except as may be specifically provided for in this Agreement, the Buyer will not be obtaining a property inspection or property inspection report regarding the property” (Clause 13. Inspection, OREA form 100).
This wording is included to protect the home buyer and also protect the Realtor if the home buyer decides not to obtain a “Home Inspection” on the property being purchased. Just the fact that the Ontario Real Estate Association deems it important enough to ensure they are protected should tell you how important it is for the home buyer.
Home inspections have proven to be a positive and educational experience for prospective home buyers. The savvy home buyer will stick to his or her inspector like glue and absorb all the information that can be gleaned from listening and asking questions. There is no such thing as a “Perfect Home” and every home will have a list of deficiencies that are discovered during an inspection.
Typical issues that have been discovered while inspecting homes in the Alliston area.
- Mould and moisture in attic
- Un-safe electrical wiring, typically done by home owner
- Improper plumbing installation – vents terminating in attic etc
- Vermiculite insulation
- Renovations done without a Building Permit
- Two or more layers of shingles pass the cost on to new home owner
- Active water leaks in basements
- Aluminum wiring
- Galvanized plumbing
- Knob and Tube wiring
- Asbestos present in attic insulation or on heating ducts
- Structural issues
- Renovations done without a “Building Permit”
With the high cost of repairs and contractors, hiring a Professional Home Inspector will be the best investment you can make.