Buying a home is a huge decision — emotionally, financially, and legally. So when you’re about to make what’s likely the biggest purchase of your life, wouldn’t you want a second opinion?
Enter: the home inspection.
But what exactly is it? What does it cover? And in today’s market, where some buyers are still waiving conditions, do you really need one?
Let’s break it down.
🧐 What Is a Home Inspection?
A home inspection is a professional assessment of a property’s condition, performed by a licensed inspector. Think of it as a health checkup for a house — one that can uncover problems before they become expensive surprises.
The inspection typically takes 2–3 hours and happens after your offer is accepted, but before the deal is firm (if there’s a home inspection condition in place).
🧰 What Do Inspectors Look For?
A standard home inspection includes a top-to-bottom check of the:
-
Roof – age, leaks, flashing, gutters
-
Foundation & Structure – cracks, settling, grading
-
Plumbing – water pressure, drainage, leaks
-
Electrical – panel size, wiring type, GFCI outlets
-
HVAC – furnace, air conditioning, ductwork
-
Windows & Doors – function, insulation, sealing
-
Attic & Insulation – ventilation, moisture issues
-
Basement – signs of water damage or mold
You’ll usually get a written report within 24 hours, complete with photos and recommendations. Some inspectors even offer thermal imaging or radon testing (for an extra fee).
🚩 Common Red Flags Found in Inspections
Not every issue is a deal-breaker. But some red flags should raise your eyebrows — or your budget:
-
Major foundation cracks
-
Knob-and-tube wiring (common in homes built before 1950)
-
Outdated plumbing like galvanized steel pipes
-
Roof at the end of its lifespan
-
Active leaks or signs of past flooding
-
Mold or asbestos concerns
If you find these, you can either negotiate repairs, ask for a price reduction, or walk away entirely (if your offer had a condition).
💰 How Much Does It Cost?
In Ontario, you can expect to pay:
-
$400–$700 for a typical home
-
$600–$1,000+ for larger or older homes
It might feel like just another expense, but it could save you thousands.
🤔 Should You Waive the Home Inspection?
In a hot seller’s market, some buyers waive their inspection to make their offer more competitive. But it’s a gamble.
You might win the house… and lose thousands later.
If you absolutely must go in firm, here are two safer alternatives:
-
Pre-Offer Inspection: Some buyers pay for an inspection before submitting an offer. You risk the home selling to someone else, but at least you’re informed.
-
Walkthrough with a Contractor: Not as detailed, but better than nothing if you’re short on time.
✅ Bottom Line: Yes, You Probably Need One
Unless you’re buying new construction with a warranty — or you’re a licensed contractor yourself — skipping the home inspection is like driving with your eyes closed.
It’s not just about finding problems. It’s about knowing what you’re buying, budgeting for repairs, and protecting your future self.
Pro Tip from a Realtor: Always attend the inspection in person. It’s like a crash course in homeownership — and your chance to ask all the questions you want.
More Info? Have a look at one of the inspectors we use and trust: Riverview Home Inspections
Form more information on our services and contractors contact us here!
🏡 Final Thoughts
A home inspection doesn’t guarantee a perfect house. But it gives you peace of mind — and sometimes, the power to renegotiate.
Whether it’s your first home or your fifth, knowledge is leverage.
So yes, you really do need one.
