The advantages of a home inspection
You’re about to make an offer on the house of your dreams… Do you have to have it inspected or not? Let’s look at the advantages of a home inspection.
Is having a home inspected before purchasing it necessary? Can you do it yourself or should you call on a qualified building inspector?
These are just some of the questions you will have to ask yourself as a homebuyer.
While home inspections are not mandatory, they are strongly recommended.
Here are 3 reasons why.
1. In what shape is the home?
After investigating the home, the inspector will give you a report.
This report will enlighten you on the general condition of the home and all immediate repairs.
However, an inspector’s role is not to convince you to buy the home or not. He is not obliged to tell you how much all the repairs will cost.
He assesses your home based on what he sees:
- Central AC
- Insulation and ventilation
2. Are there any visible defects?
When you buy your first home, chances are you don’t know much about renovating and even less about building codes. By calling on a professional home inspector, you make sure that the inspection will be done in compliance with recognized building standards.
It’s important to understand however that the purpose of an inspection prior to purchasing a home is to find visible defects and not hidden ones.
A home inspection is a buyer’s best recourse against hidden defects because it demonstrates that a prudent and diligent person could not have seen them, subject to other conditions for recourse for hidden defects.
An inspection that reveals no visible defects will reinforce the buyer’s claim that the defect was hidden and undetectable by a prudent and diligent buyer.
Should a judge determine that the defect alleged in a legal proceeding is not hidden but visible, and that the buyer had the building inspected, the buyer will have recourse to sue the inspector. It goes without saying that the responsibility for failing to detect a visible defect falls on the inspector hired to find them.
3. Using the inspection as a negotiation tactic
In general, the purchase offer on a home includes a clause that states that the
offer is conditional on a home inspection that must be conducted in the 7 days following the contract signing.
The inspection report becomes a handy bargaining chip.
For example, if the inspection reveals that the insulation is lacking and that the heating costs are too high, you could ask the seller to lower their price accordingly or get them to have the necessary work done before taking possession.
If the inspection report reveals defects that greatly reduce the value of the home, you can renege without any financial penalty.