Termite and Property Inspections
It’s important to have critical inspections done before anything goes to closing! Even though you may think that you have found your dream house, but what we see with the naked eye can sometimes be deceptive. Canadian Real Estate
This is why.
Your so-called “dream house” may be the money pit when all is said and done and inspections can save you money and prevent you from making an ill-advised investment!
Once you have a contract, it’s time to get inspections ordered and completed in a timely manner!
You’re probably just like I was when I was just starting out.
Absolutely clueless as to where to begin. What kind of inspections do you need?
Based on my experiences, I’d recommended having a termite, property and roof inspection at a minimum! Other inspections may be needed depending on individual circumstances. Different inspections could be necessary based on the property condition and location. Your real estate agent can usually help arrange whatever inspections that you or the lender may require.
I own my share of investment properties and I’ve ordered a ton of different inspections! I’ve ordered termite, roof, property, pool, spa, chimney, geological, well, septic, radon, lead, asbestos and structural engineering inspections. And, in the future, I’m sure I’ll order another type of inspection that I haven’t even thought of!
Termite Vs. property Inspections
These distinct inspections require different skills. The industries are quite dissimilar. For example,termite exterminators estimate the cost to cure Section I and II type work and usually solicit contracts for the corrective work.
property inspection firms don’t perform corrective work.
The purposes of termite reports and property inspection reports are not compatible and should not be combined.
Termite Inspection
Most lenders require a termite clearance and most buyers want to know the house they purchase is going to be free from infestation. A termite report covers two areas of concern called “sections”.
Section I is concerned with actual termite or beetle infestation
and dry rot, caused by moisture.
Examples: Termites in joists and studs. Dry rot (spongy floor)
around the base of a toilet.
Section II concerns itself with preventive measures that could lead to Section I type condition.
Examples: Dirt or wood in contact with wooden structures of the house, allowing termites access. A slow plumbing leak that could lead to dry rot.
property Inspection
Along with termite inspections, property inspections are commonly ordered. property inspections differ from termite inspections in that they concern themselves with the mechanical and structural health of a property.
The inspection includes a review of all major components from the foundation to the roof, including electrical, plumbing and heating systems.
Even if the house looks in good condition, the purpose of a
property inspection report is to evaluate the hidden components most home buyers cannot properly judge.
property inspectors typically are trained or have years of
experience in the construction related industries. They know what looks right or wrong – what looks code complying – what looks dangerous.
Having a property inspection is like taking a car to a mechanic to check before you buy. A house investment is much larger making the inspection more prudent.
Value of Being at Inspections
This is your opportunity to “check under the hood” of your new home inspections for the same day to utilize your time off. Now is the best time to find where and how to turn off the “mains” to the gas, water and electrical supply to the house in case of an emergency.
The inspector can answer questions on the items that are addressed in the report so you will better understand it.
I’ve had my share of experience at buying properties on the cheap, sometimes in less than ideal condition, requiring all kinds of inspections. I can’t tell you the number of times that inspections have saved me from buying very troubled properties. So, don’t get upset when this or that inspection is required, be thankful!
To Your Success!
Aiden Win
Mr. foreclosure
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