According to a survey of recent home buyers, a typical home inspection uncovers an average of $14,000 worth of repairs! (themortgagereports.com), a substantial amount compared to the nominal fee of a home inspection. Our home inspections provide a valuable return on investment!
- Unlicensed and Un-permitted Renovations:
Over 29% of Canadian homeowners have renovated their home for aesthetic, recreation or “lifestyle” reasons, while another 16% did so to improve the market value of their home, according to a recent RE/MAX Canada report. Homebuyers should always consider if these alterations were completed without municipal building permits and safety inspections. We take the time to identify modifications to electrical, plumbing and structural components, as they can all become serious safety, home insurance and by-law issues down the road.
- Hidden Damage & Poor Maintenance
Resale homes can suffer from poor upkeep. Leaks from worn-out roofs and damaged plumbing lead to expensive water damage and mold buildup. Foundation and structural damage are often difficult to detect without going through attics and crawlspaces.
- Old Homes & Hazardous Building Materials
While older, vintage homes have their charm and architectural appeal, common building practices and building materials from that era such as asbestos, aluminum electrical wiring and cast iron pipes phased out due to safety and reliability concerns may still exist in these homes today. Accurately identifying these building materials, along with mold growth, and pests, are the first step in keeping you and your family safe and happy.
Multiple flood risks and the resulting damages that they cause have lead to a dramatic increase in insurance claims and property repair costs. In fact, the average basement flood event in Canada costs $43,000 to repair (according to Intact Insurance – Centre for Climate Adaptation). Increased frequency of flood events driven by climate change, plumbing damage & sewage backup, or simply poor maintenance of flood and water proofing systems, have further exacerbated reconstruction costs due to inflation and supply chain disruptions. Identifying these risks before they pose a hazard to your new home is key to preventing lost money, lost time, and disruption to your life.
Let us help simplify this important part of the homebuying process. Our mission is to look for these problems, so you can make an informed decision.