Top 7 Home Inspection Red Flags for Buyers
A home inspection performed by a licensed home inspector (not your uncle’s brother-in law even though he may have worked as a plumber’s helper in Saskatoon in the summer of 1983) should be a part of the due diligence for every property purchase. All sorts of interesting tidbits may come out of a thorough home inspection. Certain items can be more costly to remedy to others. A red flag list should include:
- Health and safety concerns: mould, faulty construction, etc.
- Roof replacement – one of the most costly home maintenance items
- Heating/Cooling system problems – these systems, especially furnaces can be costly to repair/replace
- Foundation issues – cracking, settlement, etc.
- Moisture/drainage issues
- Electrical/wiring issues
- Plumbing problems
Other problems may show up on a home inspection report that should all be carefully considered when deciding whether or not to proceed with a purchase. Certain problems may necessitate further investigation by other specialists as home inspectors tend to be generalists.
A home inspection in the Lower Mainland usually starts from around $400.00. This cost is infinitesimal relative to property costs in our area and is money well spent.
I’d love to hear in the comments below if anyone has had particularly interesting home inspection results.