How important is a home inspection? With the surge in housing prices over the last few years in Ontario, homebuyers have often opted to forego the inspection part of the process in order to make their offer more appealing to the seller. Once all the papers are squared away though, the home will be yours to take care of, including all the good and the bad.
Having an inspection will ensure that there are no unseen damages that will result in high-cost repairs in the future. When buying an older home, it’s easy for a standard reno to turn into a costly one when you find out that what’s behind your walls is no longer up to code. An inspection will help you make sure your family is living in a safe home that is up to current standards right when you move in.
A home inspection will also include checking the roof and the foundation for any leaks or repairs that need to be made. This includes the attic and any exterior damages that you may not notice before it’s too late and the damage is done. Electrical, heating, and cooling will be checked for efficiency as well so that you know at the start what you might need to change to lower annual costs.
You can then make an informed decision on your purchase and decide whether to lower your offer and save money for future renovations if needed.