What is a Home Inspection?
Technically defined a Home Inspection is the visual examination of the home to determine the condition of that home at the time of inspection. Home Inspectors are highly skilled at determining the condition of a house, but they are limited to what they can access visually.
The main purpose of a home inspection is to determine if the home has any existing major defects (usually defined as repairs costing $1000 to $1500 and up), or any major repairs requiring attention in the near future. The inspector will point out smaller defects during the inspection, but of course, many small problems can add up to a major cost.
An inspection done to the Standards of Practice of the Ontario Association of Home Inspectors (OAHI) will cover the following major systems and components:
· Roofing, Chimneys and Flashing, Exterior, Property Drainage, Structure, Electrical, Heating and Cooling,Insulation, Plumbing, Foundation and Interior.
A typical Home Inspection takes approximately three hours. A quality inspection is very thorough, as the entire home is checked, from the basement to the attic and everything in between. Professional Home Inspectors are highly skilled individuals with knowledge of building codes as well as all systems and components of your home.
Why have a Home Inspection?
There are several good reasons to have a professional inspection done on the home you are thinking of buying.
The first and most important reason is knowing what you are buying. This will help eliminate future surprises and unplanned expenses. A quality home inspection allows you to make an informed decision about your purchase.
If significant defects are discovered during an inspection you should speak with your Real Estate Representative to discuss your options. It is quite possible you will save money in the future by completing maintenance repairs suggested by your inspector, that would lead to larger repairs if left unattended.
Finally you will be able to continue with the purchase of your home with full knowledge of its condition, giving you “Peace of Mind” during what is often a very stressful time.