Do You Need a Home Inspection?
February 22, 2018
Purchasing property is never as simple as signing on the dotted line. Nor should it be. As much as we may want to move into our new homes quickly, there are certain steps put in place to help you - the home buyer - walk away feeling confident that this is the right investment. One such step is a home inspection.
BUT WHAT IS A HOME INSPECTION?
Home inspections provide potential home buyers the opportunity to identify any issues with a home prior to closing the deal. Oftentimes, home inspections are used as a contingency in your contract with the seller. What this means is that if there are any glaring defects uncovered during the inspection, you can withdraw your previous purchase offer, free of penalty.
You often hear people complain that home inspections cost too much money, but believe us, the investment is well worth it. If anything comes up during the inspection, you’ll be glad you got out of there when you could.
The cost of a home inspection will vary depending on the size of the home and the region you are in, but they will only ever cost you a few hundred dollars. Obviously, this expense could increase depending on whether you end up needing to call in a more specialized inspector, but this isn’t the norm.
The most important thing to look for in choosing a home inspector is that they are licensed. The Canadian Association of Home & Property Inspectors (CAPHI) website suggests that “if you are meeting with the home inspector in person, ask to see his / her license issued by Consumer Protection BC. If you are speaking with a home inspector over the phone, you can ensure that they are licensed through the Consumer Protection BC online licensee search.”