What to expect from a Home Inspection

Whether buying or selling a home, it is important to know what to expect from a home inspection.
A home inspection is a standard condition of sale typically requested by most home buyers and is sometimes now even a requirement by a lender as part of financing. A home inspection is completed by a licensed home inspector and is generally paid for by the buyer. (Interview your home inspector and find out their background as not all inspectors are created equal.)
When a home inspection is scheduled, the seller is most often not at the property. Typically the buyer's Realtor will be at the home during the inspection. I highly recommend the buyer attend at least part of the inspection. Often the inspector will point out items of interest giving the buyer an opportunity to ask questions and become more familiar with the property. Often the buyer will learn important things about the home such as locations of shut off valves, ongoing maintenance requirements and the like.
A home inspection usually takes 3 hours for a typical mid sized home and the main purpose is to review major items in the home such as the structure, electrical, plumbing, foundation, roof, etc. The appliances will also be inspected as all are required to be in working order as per the Purchase Contract. The inspection is not intended to review cosmetic issues, wear and tear or by-law compliance.
The American Society of Home Inspectors/ Canadian Association of Home and Property Inspectors provide a Standards of Practice document. Review it to know what is and is not inspected. If you have specific questions about the property ask your inspector directly.
The Standards of Practice document provided by Greg Romp of the Home Inspection Company
I have worked with Greg on numerous transactions and highly recommend him.
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