According to Realtor Magazine, “an estimated 70 percent of all homes sold annually receive a home inspection,” yet there are still many misconceptions about the process itself.
Here, the three most frequent home inspection myths will be addressed:
Asbestos is always dangerous and should be removed immediately
In some older residential homes asbestos can be found in the attic as insulation, and was also often used to insulate hot water heating systems.
If you find out that your home contains asbestos - don’t panic! As long as you are not doing major renovations or demolitions, in the majority of cases, doing nothing is the best approach. In any case, you should have an experienced contractor or inspector examine everything thoroughly and advise you on your best course of action.
New homes don’t require home inspections
Even though a newly constructed home is covered under warranty, it is always in your best interest to do a home inspection. Your builder may have tried to save costs by building to the minimum requirements in existence at the time of construction, or workers may have simply forgotten to complete small (but potentially important) jobs in a rush.
Municipal inspectors overseeing the construction site may not have spent enough time in your house to catch everything. There could be problems with the house that are not necessarily code violations , yet could have serious consequences for you as the buyer.
All home inspectors are regulated and certified or licensed
To date, home inspector training has been voluntary in Canada except in British Columbia and Alberta. In provinces like Ontario, it’s considered "self-regulated" and those conducting inspections should ideally be associated with a reputable or accredited home inspection organization (for instance, the Ontario Association of Home Inspectors).
I encourage you to make sure to do your research and ask your home inspector for their previous experience, references, proof of insurance, and their certification from their respective Association. Your real estate sales representative should be able to recommend someone with the necessary credentials.