10 Questions to Ask Your Home Inspector

General Crystal Pestell 12 Jun

While home inspections might not be the most thrilling part of your home-buying journey, they are crucial and can save you significant money and hassle down the road.

In a competitive housing market, you may feel pressured to make an offer quickly, sometimes without conditions. However, regardless of the market dynamics, never forgo essential buyer protections like a home inspection.

You might have a great sense of décor and love the layout of your potential new home, but it’s often what’s hidden beneath the surface that can lead to future headaches. We’ve all heard the saying, “don’t judge a book by its cover”—why would you make one of the biggest purchases of your life without thoroughly checking it out?

Here are some important questions to ask your home inspector to ensure you receive a comprehensive and thorough inspection:

  1. Can I see your license, professional credentials, and proof of insurance?
  2. How many years of experience do you have as a home inspector?
    • Make sure they specify their experience in home inspection, not just in a single trade.
  3. How many inspections have you personally completed?
  4. What qualifications and training do you have? Are you a member of a professional organization? What’s your background—construction, engineering, plumbing, etc.?
  5. Can I see some references?
    • Don’t just ask for references; follow up with them. Inquire how they felt about the inspection and whether any issues arose later that they weren’t informed about.
  6. What kind of report do you provide? Do you include photos of the house and any specific problem areas in your report?
  7. What tools do you use during your inspection?
  8. Can you give me an idea of what repairs the house may need?
    • Be cautious if they offer to fix issues themselves or recommend someone inexpensive; you should never cut corners on renovations and repairs.
  9. When do you typically conduct inspections?
    • Ideally, you want a full-time inspector who can assess the house during daylight hours, especially for roof inspections.
  10. How long do your inspections usually take?

Although hiring a home inspector may seem daunting, it will be one of the best investments you ever make. After all, there’s no price on peace of mind!

 

Mortgage Renewal Benefits

General Crystal Pestell 5 Jun

Is your mortgage coming up for renewal? Do you know about all the incredible options renewing your mortgage can afford you? If not, we have all the details here on how to make your mortgage renewal work for you.

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Are you aware that when you receive notice that your mortgage is coming up for renewal, this is the best time to shop around for a more favourable interest rate? At renewal time, it is easy to shop around or switch lenders for a preferable interest rate as it doesn’t break your mortgage. With interest rates always changing, taking some time to reach out to me and shopping the market could help save you money!

Consolidate Debt

Renewal time is also a great time to take a look at your existing debt and determine whether or not you want to consolidate it onto your mortgage. For some, this means consolidating your credit card debt into your mortgage, for others it could be car loans, education, etc. Regardless of the type of debt, consolidating into your mortgage allows for one easy payment instead of juggling multiple loans. Plus, in most cases, the interest rate on your mortgage is less than you would be charged with credit card companies.

Start on that Reno

Do you have projects around the house you’ve been dying to get started on? Renewal time is a great opportunity for you to look at utilizing some of your home equity to help with home renovations so you can finally have that dream kitchen, updated bathroom, OR you can even utilize it to purchase a vacation property!

Change Your Mortgage Product

Are you not happy with your existing mortgage product? Perhaps you’re finding that your variable-rate or adjustable-rate mortgages are fluctuating too much and you want to lock in! Alternatively, maybe you want to switch to variable as interest rates start to level out. You can also utilize your renewal time to take advantage of a different payment or amortization schedule to help pay off your mortgage faster!

Change Your Lender

Not happy with your current lender? Perhaps a different bank has a lower rate or a mortgage product with terms that better suit your needs. A mortgage renewal is a great time to switch to a different bank or credit union to ensure that you are getting the value you want out of your mortgage if you are finding that your needs are not currently being met.

Regardless of how you feel about your current mortgage and what changes you may want to make, if your mortgage is coming up for renewal or is ready for renewal, please don’t hesitate to reach out to me today! I will be happy to discuss your situation and review any changes that would be beneficial for you to reach your goals; from shopping for new rates or utilizing that equity! Plus, I can help you find the best option for where you are at in your life now and help you to ensure future financial success.