(NC)—A home inspection is a thorough visual examination of the condition of the home and property. "When conducted by a professional," explains Colin Smyth, business leader at AmeriSpec of Canada, "a home inspection covers about 1000 check points on approximately 400 items around the home"
The process usually takes between two and three hours, during which the home is examined from the ground up. An inspection should include observation and when appropriate, the operation of the plumbing, heating, air conditioning, electrical and appliance systems, as well as structural components: roof, attic, foundation, basement, exterior and interior walls, chimney and doors.
A home inspection is not an appraisal and vice versa. An appraisal is the formal process of estimating a property's value as it relates to a mortgage loan or mortgage insurance. It does not itemize defects or reflect potential problems in the home. To ensure an objective evaluation of a home's condition, many lenders encourage home buyers to use private inspection services and some employers reimburse home inspection fees as a part of their relocation program.
A home inspection is not a warranty. A home inspection is a visual examination of the home and its operating systems, it is not technically exhaustive. There is no assurance, expressed or implied, that equipment will not break down at some future date. However, such protection is available when a home inspection is complemented by a home warranty.
A home inspection does not detect every conceivable flaw. A home inspection is entirely visual, home inspectors cannot see through foundation, floors or walls. They cannot inspect areas that are inaccessible and generally do not move furniture.
The findings should be provided to you in the form of a comprehensive report with recommended actions. It is vital that such a report includes an objective evaluation of the condition of the home, clearly stating existing defects and indicating potential problems.
More information and a FREE Guide to Home Inspection is available online at www.amerispec.ca or toll-free at 1-800-263-5928.
- News Canada
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