There are many factors to consider when investing in a pre-owned home: location, size, price, mortgage rates, and more. It can be an arduous, time-consuming process that you want to complete as soon as possible.
But beware: choosing the wrong home inspector could have serious repercussions weeks, months, or even years after making your purchase.
It’s of vital importance to have a home inspected before buying it, to ensure you are aware of its structural integrity and the condition of its major systems and components; the inspection can identify issues that are not immediately apparent to the untrained eye. According to the Canada Mortgage and Housing Corporation (CMHC), an average home inspection takes about 3 hours and costs about $500.
In British Columbia, consumers are protected, and inspectors can be held accountable for any issues that may be missed during an inspection.
So how do you choose wisely? Here are some tips:
For more detailed information on how to choose a home inspector, visit the Canada Mortgage and Housing Corporation (CMHC) website at www.cmhc-schl.gc.ca. To check out an inspector, start with bbb.org.