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The Leaning Tower of Pisa needed a home inspector...

The Buyer

A new home is an exciting, frightening and expensive venture. The single most expensive purchase you will probably ever make is your home. There would probably be no arguments to the benefits of a home inspection. If you are spending so many thousands of your hard earned money to purchase a home, surely an outlay of $250-$450 (depending on the size of the home) is a worthy investment.

According to Bob Dunlop, President of Carson, Dunlop and Associates Ltd., it is imperative the client accompany the inspector at the time of the inspection. This would require 2-3 hours of the client's time to learn everything they can about the maintenance and care of their new home. Dunlop states that "most people are grateful and delighted for the knowledge that a home inspector provides to them". All homes have small things that need adjusting. Generally people are looking for those major structural problems or big ticket items that are more than they are prepared to pay for. A home inspection reveals this information.

The Seller

Why would the seller require a home inspector? The answer is simple. You want your home to sell. You would prefer a firm offer or want to get an edge on the competition of other homes in your neighbourhood also for sale. A recent home inspection displayed on your dining room table for all who come to see the house can eliminate a great deal of "unknowns" to a potential buyer.

They can also see how you have maintained the house since you bought it. The inspection may reveal immediate safety concerns such as problem smoke detectors, wiring or furnace concerns. Fixing them before you list your home may save you thousands later and allow for a smooth sale.

New Homes

For new home buyers it is important to note that a home inspector can be an invaluable source to determine any problems not readily established at the time of purchase. Builders also follow a strict code of standards and usually the problems are easily rectifiable.

According to a representative of Amerispec Home Inspection Services, it is "not unusual for an owner of a newer home to call an inspector prior the end of the Hudac warranty. Should there be a problem the owner would be able to get the builder to remedy revealed problems that are covered in that warranty".

The Role of the REALTOR®

Most Realtors feel good in knowing their client is using a home inspector. It makes good business sense to keep clients happy with their purchase and a happy client is repeat business or a referral down the road.

Request from your Realtor a list of inspectors. They are present for most inspections and can let you know the names of several good ones they've seen at work.

Remember the inspector works for you not your Realtor, so the ultimate choice will be yours. Ask your friends and family who they used and the level of satisfaction they received.

Would the Leaning Tower of Pisa still lean if it would have had an inspector look at it back in 1173? Well maybe, but at least if you were thinking of buying it you'd know what you would be getting.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.