When you're buying a home, you'll want to scrutinize every last detail. Hiring a professional to visually inspect your home for defects and overall condition - or, a home inspection - typically costs a few hundred dollars and can save you from unpleasant surprises and long-lasting regrets.

Many home buyers arrange a home inspection as a condition of their purchase. That way, should the inspector uncover any issues, you have the option to back out of or renegotiate the offer accordingly.

While your REALTOR® can help recommend home inspection companies to choose from, make sure your inspector is a member of a recognized professional organization. It helps provide some assurance they have the training and experience for the job. An inspection generally lasts a few hours and, when complete, you'll get a written report summarizing the condition of your home.

What Does An Inspector Look For?

• Plumbing and electrical systems
• Heating, ventilation, air conditioning (HVAC) units
• Roofing
• Visible insulation
• Walls and ceilings
• Floors and windows
• Integrity of the foundation
• Presence of lead paint, asbestos, mould or pests (termites or mice)
• Out-dated or dangerous wiring

Tip: A newly-built home does not mean it's perfect. In fact, construction quality can vary greatly from builder to builder. It's at your discretion whether or not to opt for an inspection. In some provinces, repairs and corrections in new homes may be covered by a government or industry-sponsored warranty program. Bad news doesn't necessarily mean it will have to cost you.