If you are planning to take advantage of Toronto’s hot real housing market, make sure you have a home inspector on your real estate team. Housing is the biggest investment most people make, and it makes economic sense to do your homework before taking the plunge.
A home inspection works for both buyer and seller. For buyers, a home inspection provides an objective analysis of the strengths and weaknesses of the home and can provide valuable information to be used in negotiating the price. For example, if the roof will need replacing in the next year, that can be reflected in your offer. Sellers can use a home inspection as a selling tool and also as a guide to making repairs and renovations that will give their home an edge in a competitive market.
According to an online study conducted by Harris Interactive for the American Society of Home Inspectors, almost nine in 10 (88 percent) respondents said a home inspection increases their confidence about the condition of a property. Eighty-four percent of adults believe home inspections are a necessity, not a luxury.
A home inspection is an objective visual examination of the physical structure and systems of a house, from the roof to the foundation. A standard home inspector’s report will cover the condition of the home’s heating system; central air conditioning system (temperature permitting); interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components.
When hiring a home inspector, there are a few things homeowners can look for to ensure they are hiring a qualified professional:
- Home inspectors are not regulated in Ontario, but qualified individuals will have ASHI (American Society of Home Inspectors), CAHPI (Canadian Association of Home and Property Inspectors), OAHI (Ontario Association of Home Inspectors), or International Association of Certified Home Inspectors (IACHI) certifications.
- Ask how long they have been in the business and what their background was before they became a home inspector.
- Ask if they have insurance.
- Ask if you can attend the inspection. Most inspectors will welcome the chance to educate you about your new or current home.
- Expect a written report that includes details on the main components of the house, the type of upkeep it has received and estimates of the costs to do repairs.
Whether you are buying or selling a home, or just want an assessment of your current home, using the services of a qualified home inspector is a prudent investment.
CALL THE CLUB FOR QUALIFIED HOME INSPECTIONS! (416) 925-1111
