{"id":10453,"date":"2020-09-15T13:02:16","date_gmt":"2020-09-15T13:02:16","guid":{"rendered":"https:\/\/www.montreal-realestate.ca\/english\/?p=10453"},"modified":"2020-09-15T13:12:48","modified_gmt":"2020-09-15T13:12:48","slug":"what-is-a-building-inspection-and-why-is-it-so-important","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/what-is-a-building-inspection-and-why-is-it-so-important\/","title":{"rendered":"What is a building inspection and why is it so important?"},"content":{"rendered":"

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<\/h1>\n

What is a building inspection and why is it so important?<\/h1>\n

By Jennifer Lynn Walker<\/p>\n

A building inspection is one of the most important steps in the process when purchasing a new property.<\/p>\n

In fact, it is one of the most popular conditions included when real estate brokers write up your promise to purchase.<\/p>\n

Why?<\/strong><\/p>\n

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.<\/p>\n

What does an inspector do?<\/b><\/p>\n

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.<\/p>\n

Inspectors arrive with their ladders, flashlights and tools, ready to climb around so they can accurately assess each part of your future home.<\/p>\n

If they arrive in a suit, thank them nicely and tell them that you have changed your mind. You want your inspector to get \u201cdown and dirty\u201d to find out all the details of the building \u2014climbing on the roof, in the attic, and going down into the crawl space etc.<\/p>\n

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.<\/p>\n

Also find out more about inspectors using a Thermal Imaging Device<\/span><\/a><\/strong><\/p>\n

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\u00a0Planning on buying?<\/span><\/strong><\/p>\n

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Did you know working with a real estate broker is free?<\/span><\/h3>\n

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Protect yourself, save time and avoid pitfalls.\u00a0<\/span><\/h3>\n

[\/et_pb_text][et_pb_code _builder_version=”4.6.1″ text_orientation=”center” hover_enabled=”0″ sticky_enabled=”0″]Start the search today<\/span><\/a>[\/et_pb_code][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.29.3″ z_index_tablet=”500″]<\/p>\n

\u00a0Selling your house?<\/span><\/strong><\/p>\n

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A full customized selling package, from A to Z<\/span><\/h3>\n

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Making sure that it\u2019s done properly is a must.\u00a0<\/span><\/h3>\n

[\/et_pb_text][et_pb_code _builder_version=”3.21.4″ text_orientation=”center”]Contact me today<\/span><\/a>[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.29.3″][et_pb_column type=”4_4″ _builder_version=”3.29.3″][et_pb_text _builder_version=”4.6.1″ hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n

What is a building inspection and why is it so important?<\/h2>\n
What to ask when choosing an inspector<\/strong><\/div>\n
When you call around for quotes, ask what is involved in the inspection, how the report is prepared, what it will look like, and how long will it take to produce. Most inspectors will give a timeline of approximately 48 hours. The report will usually come in a pdf format with pictures and details. It may also have clickable links for more information.<\/span><\/div>\n
Inspectors should let you walk around with them, though you won\u2019t be allowed on the roof unless you are insured to do so.<\/span><\/div>\n
After the inspection is completed, the inspector will normally give you an on-the-spot verbal report of their findings.<\/span><\/div>\n

 <\/p>\n

Deadlines to keep in mind<\/strong><\/div>\n
Most promise-to-purchase documents allow 7-10 calendar days for you to get the inspection done. If that isn\u2019t enough time, you can negotiate. It is also pre-written in the real estate mandatory forms that there is an extra four days to respond if you have any concerns after the inspection.<\/span><\/div>\n
If you don\u2019t respond, (after 7-10 days + 4 days) you have automatically accepted the condition of the building inspection and your chance to renegotiate is waived. So be sure to respond quickly if you have found something you need to discuss with the seller. Those days go by fast!<\/span><\/div>\n

 <\/p>\n

Renegotiating after the inspection<\/strong><\/div>\n
When you buy a house, you should expect normal wear and tear. Be prepared to find a lot of little things here and there. New buyers who\u2019ve never owned a property before can get overwhelmed by this information.\u00a0A general rule given by many experts is that you can expect to spend 1% of the purchase price on repairs for older homes.<\/span><\/div>\n
Be on the lookout for something that significantly reduces the value of the building such as the need for foundation repairs, a new roof, major brickwork, or window replacement. When you find a problem of this magnitude, ask yourself if your accepted offer price still reflects the value of the building. If not, it\u2019s time to re-think your position and re-negotiate.<\/span><\/div>\n
Whenever buying a property, the popular opinion is to<\/span> always get an inspection.<\/strong><\/div>\n
<\/strong><\/div>\n

 <\/p>\n

It\u2019s good advice regardless of whether you are buying a new condo or an old fixer-upper. It\u2019s even a smart move if you are planning tear apart the house apart and renovate.<\/span><\/div>\n
An inspection provides a great reference point and ensures you are taking the proper steps to protect the value of your new asset well into the future.<\/span><\/div>\n

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This article was featured in:[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2018\/11\/The-Suburban-1.png” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”1″ _builder_version=”3.25″ custom_padding=”0|0px|29px|0px|false|false”][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2018\/09\/Jennifer-Lynn-Walker-Image.png” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″ max_width=”66%” custom_margin=”15px||”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” text_text_color=”#000000″ header_font=”|600|||||||” header_text_color=”#000000″ header_font_size=”25px” header_4_font=”Alegreya||on||||||” header_4_text_color=”#aaaaaa” header_4_font_size=”25px” header_5_font=”||||||||” header_5_text_color=”#e02b20″ header_6_font=”||||||||” header_6_text_color=”#e02b20″ custom_margin=”45px|||” animation_style=”slide” animation_delay=”400ms” animation_starting_opacity=”100%”]<\/p>\n

MEET JENN<\/h1>\n

Real Estate Broker & Educator<\/h4>\n

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\u00a0Montreal Real Estate Investor\u2019s Group, and Jolly Green Homes.\u00a0\u00a0<\/em>How can I help you today?<\/a><\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

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? […]<\/p>\n","protected":false},"author":2,"featured_media":10454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"By Jennifer Lynn Walker \r\n\r\nA lot of sellers have the misconception that it\u2019s a good idea to price their homes according to the listings they see of similar properties. But these sellers aren\u2019t privy to the actual selling price of the property. With expectations that are higher than actual market value, they can end up taking themselves completely out of the sales game.\r\n\r\nOverinflating the price of your property can lose you a significant number of buyers from the get-go. In the end, your house can end up being benched, going stale on the market as your potential buyers wonder what\u2019s wrong with it.\r\n\r\nMost listing prices are not the actual market value\r\n\r\nA lot of sellers misinterpret the facts. They look at their neighbour\u2019s house that is active on the market and the one down the street. But these figures tell you only one thing: what the owners want for their house. They aren\u2019t necessarily in the right ballpark to attract buyers.\r\n\r\nTo accurately find out if you are pricing your home correctly you need to get in touch with a real estate broker. They have the correct figures and the experience to accurately find out which homes sold for what prices in your area. These facts will help when you negotiate with a prospect because you\u2019ll know where you stand.\r\n\r\nAn effective real estate broker can be a helpful coach, presenting you with a sold analysis of the market in your neighbourhood. In a perfect world, you\u2019ll list the property a bit higher than the recommended value. This will attract the largest number of buyers without undercutting the value of the home.\r\n\r\nProperly priced properties sell much more successfully\r\n\r\nMost buyers and brokers search within their price point. If you are slightly over, you won\u2019t show up at all in their search results. Even if you do, many buyers don\u2019t want to insult a seller with a low price, so most won\u2019t make an offer at all. \r\n\r\nHaving a property sit on the market will cost you. A couple of months and the mortgage, heating costs, taxes, and other expenses add up. \r\n\r\nBut the biggest cost is the mindset of the buyer. When a property doesn\u2019t sell, buyers start to wonder why. \r\n\r\nWhen you play it right and price properly, you are much more likely to sell close to the asking price or even create a buzz, attracting multiple offers and possibly selling for more than you asked \u2014 particularly in a strong seller\u2019s market like the one we are in now.\r\n\r\nBuyers these days are very savvy. 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