16 May
Although conducting a home inspection is not a legal requirement when purchasing a home in Canada, it can be wise decision for the largest purchase you will likely ever make. Here are five reasons why you should opt for a home inspection when purchasing a home, even though it is built brand-new.
1. Things Unseen
It is important to note that the aesthetics of a home can hide the issues underneath. When you are visiting a prospective home for purchase, you are not looking at every nook and cranny to find faults or climbing into the crawl space. By hiring a home inspector, you are hiring an individual who will search and analyse every part of your house against a checklist and provide a list of problems that may need to be attended to immediately or some that could wait for a few months.
2. Realistic Budget for Home Maintenance
After a home inspector finishes your home inspection, they will always provide you with a list of items that are required to be replaced within the next five years. This will allow you to strategize your budget in an efficient method since you now know which repairs are necessary, and which can wait for a little while until you have ample funds for that repair.
3. A Solid Negotiation Tool
If you are purchasing a home that is not brand new, you can be sure that there might problems which cannot be seen immediately. Getting an inspection can provide you with a huge amount of leverage because you can ask the seller to fix all or some of the issues found during the inspection. You could also renegotiate the price of the home or ask the seller to contribute more towards closing costs.
When you conduct a home inspection, you have the upper hand in the deal as it allows you to get a better price on the purchase. You also have the option to back out of the deal if you think that there are big, expensive issues that you would rather not deal with.
4. Can Be an Eye-Opener
It is important to ensure that you do not encounter any big issues like foundation cracks or electrical problems that can lurk unseen. A home inspection can reveal big picture when you might be focused on the location and the open kitchen plan.
5. Peace of Mind
Having a home inspection will give a peace of mind because you will know for sure that the home you are purchasing does not require extensive repairs in the short term and you know exactly what you are getting yourself into. Even with new builds, you should make efforts to conduct a home inspection because even though you might think that a new home might not have any issues, a home inspection could reveal otherwise.
