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August 29, 2023 - Real Estate Buying - Regulations & Legal

The Building Inspection

Demystifying the Building Inspection

Why It Matters

A building inspection thoroughly examines all visible and accessible elements: structure, foundation, roof, plumbing, electrical, and more. It typically takes about two hours. The inspector identifies any issues, advises on corrective action, and recommends qualified professionals when needed. You’ll receive a comprehensive written report with photographs within a few days.

A building inspection is not legally required, but it is strongly recommended that you include an inspection clause in your offer. If you choose to waive it despite your broker’s advice, they will ask you to confirm that in writing.

Choosing the Right Inspector

  1. Holds professional liability insurance covering errors and omissions
  2. Uses an industry-recognized inspection service contract
  3. Conducts inspections in accordance with recognized practice standards
  4. Provides a written report

Costs

Fees typically range between $650 and $1,000.

Additional Inspections

Thermal camera or drain camera inspections carry additional fees. Make sure the professional holds the appropriate certification for these services.