"What about a home inspection?"
So you’ve found a house you love. Before you buy, you need to get the house inspected; it is one of the tools that will help determine the condition of the property so you can make an informed decision. The inspector will let you know if there are any visible problems and provide recommendations. When you make an offer, you can make it conditional on a satisfactory inspection.
However, it is important to understand that a home inspection as limitations and according to Consumer Protection BC ‘s website: A home inspection is an educational process which is designed to reduce a consumer’s risk when buying a home, and is not a guarantee or a warranty on a property.
An inspector may make recommendations for further inspection by a more qualified trade and if so, should be strongly considered. For example, a full basement or crawlspace inspection by an experienced contractor will evaluate the structural integrity of the building which cannot be determined by a home inspection alone.
"What if something major is uncovered?"
If there are any problems, you have three options:
1. Cancel your contract and walk away since it was conditional on a satisfactory inspection.
2. Use the results of the report to negotiate a better price. Be prepared to show the seller the pertinent section/s.
3. Give the seller a chance to fix the issue.
"How much does it cost?"
Most inspections cost between $300 and $500. It could save you thousands in home repairs so it’s a pretty small price to pay for peace of mind.
Trademarks owned or controlled by The Canadian Real Estate Association. Used under licence.