No matter your reasons for needing a home inspection, a thorough inspection by a certified home inspector is an excellent way to help protect one of your most valuable assets - your home!
A home inspection is a visual inspection of the major components of a house. It is done to determine which systems are operating as intended. It is not an inspection to building code, which is done at the time of construction (initial or renovation) to ensure that it meets the current building code. Building codes do change as time passes; however, there is no requirement to update homes to the current code, nor is it always reasonable to make changes to match the latest code. As well, a home inspection is not a mortgage inspection, which is done to satisfy the lender that they would get their money back if the mortgage was defaulted.
Home inspections are conducted to get a good sense of the deficiencies in a house. Usually, a potential home buyer will have one done in a pre-purchase setting where s/he is trying to make a decision of whether or not to buy the house. A home inspection can also be used to help with price negotiations to lower the buying cost when repairs are indicated.
A home inspection may be used by someone looking to sell their house as a pre-sale tool to avoid unexpected issues with the prospective buyer. It will assist in identifying potential problems or help sellers to identify areas that need to be fixed before the sale.
Additionally, a home inspection can be used as a pre-renovation tool by homeowners who have no intention of selling but want to ensure that they are spending money on the things that need to be done and not just cosmetics. For example, if a homeowner has $5,000.00 to spend on renovations, it would really hurt to spend the money on re-decorating and then find out that they need to spend $3,000.00 immediately to replace a furnace.