If you are in the process of purchasing Liberty Village real estate, many different components must come together before you can move in to your new home. Even after you have found the ideal location, made a deal and secured financing, a professional home inspection must be part of the equation. Some see it as an unnecessary expense, but without it, you are asking for trouble.
Why is a Home Inspection Necessary?
A home inspection refers to a visual inspection of the condition and structure of a home. It is carried out by a licensed home inspector and includes things like the plumbing, electrical, ventilation, foundation, insulation, doors and windows, exterior walls, ceilings and floors, roof, heating and AC systems and drainage. For King West Condos that have common areas for residents, the home inspector will examine those, as well.
An inspection is necessary because it will reveal any issues that are present or just below the surface, ready to make themselves known. When a home inspection reveals problems with any one of the components mentioned above, it is brought to the attention of the current owner and revisions are made to the offer, or it may be rescinded altogether. There are countless tales of naïve homeowners buying a home with no home inspection, only to have to pay thousands for repairs shortly after moving in.
Using the Results to Your Advantage
Like any area, Liberty Village real estate also requires a professional home inspection, just to be safe. Having a home inspection on your King West Condo means you might be able to negotiate for a better deal based on the results. At the very least, the current owner will have to make the required repairs, and you won’t have to concern yourself with those issues after you move in.
Hiring an Inspector
Hiring a reputable, experienced home inspector is key when in the market for a prime piece of Liberty Village real estate. Shop around a little, and ask the important questions before you allow him to represent you. Ask for a copy of the inspection report, whether he has the necessary insurance, if he has references and if he has experience in properties like King West Condos.
If you are going to go through the process, it makes sense to do it right. The fewer unpleasant surprises you receive in the home buying process, the better, and a quality home inspection is a great way to start.
Condomove.ca agents can help connect you with a veteran inspector to best serve your needs. Visit our Toronto Home Inspectors page here.