What is a building inspection and why is it so important?
By Jennifer Lynn Walker
A building inspection is one of the most important steps in the process when purchasing a new property.
In fact, it is one of the most popular conditions included when real estate brokers write up your promise to purchase.
Why?
A building inspection tells you exactly what you are buying in terms of the structure and health of the building. It lets you know the repairs that are needed immediately, and which can be left for a future date. This way you can accurately budget your current and future costs.
What does an inspector do?
Usually an inspector charges around $600 or more. The cost depends on the driving distance to get to the property, the size of the structure and the equipment needed to inspect it.
Inspectors arrive with their ladders, flashlights and tools, ready to climb around so they can accurately assess each part of your future home.
If they arrive in a suit, thank them nicely and tell them that you have changed your mind. You want your inspector to get “down and dirty” to find out all the details of the building —climbing on the roof, in the attic, and going down into the crawl space etc.
That said, keep in mind this is a visual inspection. An inspector will not open up a wall or break through concrete. They are general practitioners. If they suspect a larger problem, they will note in their report that you need to contact a domain-specific professional.
Also find out more about inspectors using a Thermal Imaging Device
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What is a building inspection and why is it so important?
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MEET JENN
Real Estate Broker & Educator
Jennifer Lynn Walker has specialized in buying and selling both residential and multiplex properties since 2003. She’s built a strong network of specialist, to give her clients a seamless experience throughout the real estate journey. Founder of Montreal Real Estate Investor’s Group, and Jolly Green Homes. How can I help you today?