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Archive for the ‘Home Inspections’ Category

Jan-30-2009

Why should I do a home inspection?

home inspection
Every time you buy new or used real estate, it is a good idea for a qualified inspection to take a look at all possibilities of something being wrong with the property. From wiring of electrical components to water drains and plumbing, lead pipes to copper and pvc pipes. It is important that you get the qualified experts advice on any problem the potential property may face.
When buying a new property, do a home inspection as well, some may ask why, its a brand new home. The answer to this is that most homes now are build on sub divisions, making them have less quality and time put into them. Most workers on sub divisions are paid by the job or by the piece, the more they do the more they get paid. A lot of new homes face problems which the new home owner wouldn’t pick up on his/her own. Simple problems like reverse wiring to outlets, electrical panel issues, plumbing draining going upwards instead of down wards, you get the idea.
For used homes, people are generally too excited to find problems themselves when buying the property there is too much excitement and emotion. Don’t make this mistake, always book your professional inspection.
Try not to be cheap and get your uncle or neighbor to help you out, an inspection may cost you anywhere from $200-$500 but the inspection can advise you of future problems or even get your price reduction on that home for any problems the home inspector finds.
Be wise and do your inspection on every real estate you buy.

Posted under Buyer, First Time Buyers, Home Inspections
Feb-11-2008

Why Use Home Inspection Companies?

Especially for an older home, and even for a newer one, a home inspection is a valuable service to a home buyer. A home inspector will walk you through a 1 ½ to 2-hour visual inspection of the home to determine its condition and that of its systems. Inspectors will assess which components are not performing properly as well as inform the prospective buyer of areas where repairs may be needed in the future. Inspections are also a good way to get a better understanding of the upkeep required on a variety of systems such as furnaces, plumbing and roofs.

Following the inspection, the buyer should be given a written home inspection report of the details of the inspection, plus a maintenance schedule and an estimate of the lifespan and replacement cost of the home’s systems. Home inspectors typically go over this report with the home buyer.

Your real estate agent can assist you by supplying names of home inspection companies and their contact info. When selecting from this list it is important that you enquire about the reputation, number of years in the business with experience in residential construction, and if they are a member of an association that will investigate consumer complaints. Note there is no formal licensing of home inspectors, but many home inspection companies adhere to the standards of practice established by the Canadian Association of Home Inspectors.

Posted under Buyer, First Time Buyers, Home Inspections
Jan-18-2008

My Engineer’s Report Shows Some Problems I Was Not Aware Of. What Should I Do?

There’s hardly a perfect home, a good engineer will always find some defects but you need to weigh the positives against the negatives. Remember, every deal is different, every deal is negotiable, there are many factors to consider, and a lot depends upon whether the real estate market is currently a buyers or sellers market. Some defects, such as a termite infestation, have historically been the seller’s responsibility in real property transactions. The bottom line is that it can’t hurt to negotiate for a better sale price on the home based upon the defects uncovered by the engineer.

Posted under Home Inspections
Jan-18-2008

Home Inspections

Your offer to purchase should always be subject to inspection of the premises by a professional home inspector who is hired by you to present an independent, unbiased opinion of the property’s structural health.

Their inspection should cover all parts of the structure normally accessible, including the roof, gutters, crawl space, attic and built-in cupboards and closets. They should check visible plumbing, electrical and heating system components and include any outside attachments such as patios, decks and the like.

Outside yard areas and fences are included, as well as the garage and any other outbuildings or structure that forms a part of the purchase. The inspection should not alter the structure to allow access and the position of furniture or personal belongings should remain untouched.

The inspection report will offer the inspector’s professional opinion of the property’s structural soundness, but will not include a recommendation for or against purchase, an estimate of repair/renovation costs, or confirm adherence to building code regulations.

Posted under Home Inspections
Jan-18-2008

What Type of Inspection Do I Need ?

There are different types of inspections and inspectors. You may require an inspector to inspect merely the building itself, or the scope of inspection may go far beyond the structure and integrity of the building.

You may want reassurance from an environmental specialist. In some locations there may be concerns about the house being built over a fault line or about the purity and amount of water available, or general contamination by radon, lead (either industrial waste or contained in peeling paint), asbestos or toxic molds.

The decision of what type of specialized inspector you might wish to hire will vary from location to location. Your Realtor is in a good position to know of any problems that have turned up in other sales in the area so be sure to ask if they would recommend any particular type of inspection.

Posted under Home Inspections
Jan-18-2008

Structural Inspections

Your own pre-purchase inspection looks good and you think you’re ready to buy, but you need a professional opinion as well. Structural inspection by a qualified expert is crucial to avoid nasty surprises after the sale.

The structural inspection examines a home from top to bottom: wiring, plumbing, heating/cooling systems, roof, gutters, basement and foundation. All are examined and are the nuts and bolts of the report.

Accompanying the inspector during their job will be an opportunity to locate water shut-off points, fuse panels, and access doors and so on. The report itself will be important in forming a long-term plan for preventative maintenance, and a budget for repair and/or replacement of major appliances and structural components.

This report could form part of your offer to purchase and your Realtor® will have a list of qualified firms who can do the job for you. Their bill for the service is money well spent to insure against disappointment in what may well be the most important purchase of your life.

Posted under Home Inspections
Jan-18-2008

Inspections are Important

It would be very unusual for an offer to be made on any building without an inspection clause. A structural inspection will advise the buyers as to the condition of the structure and all integral parts of that structure. This would include plumbing and electrical systems.

The inspector will not give the house a “pass” or “fail” grade. They will give the buyers a written report detailing what has been found. The buyers can then anticipate any expenditure they may need to make on the building. If the inspector has found a few minor problems the buyers may just go ahead with the deal as written.

If the inspection turns up more serious defects the deal may not go through or the buyers could possibly want to renegotiate their offer to reflect the cost of effecting these repairs.

Your Realtors® will help both parties renegotiate the deal if the structural inspection warrants it.

Posted under Home Inspections
Jan-18-2008

Inspection Repairs

As a matter of course buyers will commonly add a contingency clause to their offer that allows them to bring in a professional home inspector who will subject the structure and its systems to a thorough inspection.

Defects found in the process will be added to a list of repairs that they will often pass on to you for attention before the sale can go forward. The list may include items that the buyer would like to have done, but which you feel is beyond your responsibility.

The contract usually obligates you to ensure that the home is structurally sound, with all systems, and appliances in working order, but unreasonable demands such a new stove, or replacement of the garage roof may be more than you want to do. You may refuse items of this nature, but risk losing the sale as a result. Your agent will be able to help you judge how far to go in this regard.

Agreed upon repairs should be handled as quickly as possible by licensed, reputable contractors and copies of receipts for work performed passed on to the buyer, so that the sale may proceed.

Posted under Home Inspections
Jan-18-2008

Disclaimer Clauses

When you hire a professional inspector to examine a house, you will, in most cases, be asked to sign a document. That document will contain a description of the scope of the inspection and also have a disclaimer that is intended to relieve the inspector and/or his company for any liability if he misses a defect.

Read the description of the scope of the examination and make sure it covers everything you wish checked. There is no point in hiring an inspector largely because you are concerned about hidden dry rot if he does not check for that! Make sure that everything you are specifically concerned with is mentioned as part of the scope of inspection.

The disclaimer clause may indeed protect the Inspection Company if the inspector misses a hidden defect.However, if something obvious was missed, it was part of the stated scope of inspection, and there was clearly negligence on the part of the inspector, it is unlikely that the disclaimer will offer legal protection to the company.

If you wish to claim damages for a missed defect, approach the Inspection Company before you spend money on legal help. The company may be willing to make reparation.

Posted under Home Inspections
Jan-18-2008

Are Home Inspections Needed

As a purchaser, money spent on a home inspection is an excellent investment. Due to the increase in lawsuits against sellers who have failed to disclose defects to purchasers, it is now becoming a good idea for sellers to also consider a home inspection.

It is very easy to live in a house and be unaware of a potentially serious problem simmering in the background. If you sell your house and it proves to have a serious defect, ignorance of that defect may not protect you from legal action by the purchasers.

It is not always what you knew and disclosed that is important but also what you should have known. If you have had the property inspected by a qualified Home Inspector and have their report in writing, you will have some protection against legal action. If there are damages to be paid and your inspector is bonded, the inspector may well have to pay the damages.

Ask your Realtor® for the names of qualified home inspectors in your area.

Posted under Home Inspections
Jan-18-2008

About Termite Inspections

Providing a termite clearance is a fairly standard requirement of any offer to purchase. The buyer may also require such a clearance before a lending institution will provide funds for the purchase. In order to provide such a clearance you will have to arrange for an inspection by a licensed exterminator. The exterminator will examine your house for evidence of current, or past, infestation. If you had your home treated in the past it may save you some money if you contact the company that did the extermination for you and get the certification from them.

If your house does prove to have a termite problem, get a list of qualified exterminators to find out what type of treatments they offer and the cost of their service. The costs and treatment recommended may vary considerably. It is a good idea to arrange for a termite inspection as soon as you decide to sell your home. You will then have time to have any problem attended to before it may interfere with a potential sale.

Ask your Realtor® for the names of reputable exterminators in your area.

Posted under Home Inspections