After your offer to buy a home enters into a contract, the buyer may be tempted to skip the home inspection and its $500 to $600 cost. There are ten good reasons why you should get one.

1. It Provides an “Out”
A quality home inspection can reveal critical information about the condition of a home and its systems. The home inspection makes the buyer aware of what costs, repairs and maintenance the house may require immediately and over time. If a buyer isn’t comfortable with the findings of the home inspection, it usually presents one last opportunity to back out of the offer to buy.

2. Safety
A home inspection can detect safety issues like carbon monoxide entry points, and mould causing defects. All homes should be checked for mould.

3.  Reveal Illegal Additions or Installations
A home inspection can reveal whether rooms, altered garages or basements were completed without proper construction methods and signs that a permit was not issued.

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Love It or List It?

Despite what real estate reality shows might have led you to believe, the decision to sell your home isn’t simple — and it isn’t a decision that you can reach in 30 minutes. This is true even if you never really loved your property in the first place, or it’s become a daily cause of stress. Maybe the commute is awful, your neighbours live to find new ways to annoy you, or the “fixer-upper” kitchen is still an avocado-coloured nightmare.

That’s because parting with a home falls into the “major life change” category. Cue the second-guessing, polling all friends and family for opinions, obsessive list-making, and mentally running through all scenarios as soon as your head hits the pillow. If you feel like this describes how you think about parting with your home, it’s time to take a deep breath and consider the signs life has been throwing your way. Here’s how to know if it’s time to sell, refinance, or stay put.

It's A Sign To ... Stay Put and Update or Sell

After the honeymoon phase with your home is over, you may grow to dislike certain features about it that you once loved. However, who is to say that the pattern won’t repeat with a different property? If you’ve only just settled in a short while ago, you haven’t yet learned to live with the home you have. Fight that FOMO (fear of missing out) by making improvements like upgrading the kitchen or bath, fixing up the exterior for a little curb appeal, or even just trying simple fixes like repainting the rooms or adding new furniture.

It's A Sign To ... Stay Put

Whether you’ve put a lot of money into your home through renovations or upgrades, or you made another significant investment in your life (you started a business, went back to school, bought a boat, etc.), you could be stretched a little too thin to sell your home right now. While renovations often add to the value of a home, they don’t guarantee a higher sales price and shouldn’t be the sole motivation for selling. This is especially true if you made highly personal choices in your improvements, like going for fire engine red kitchen cabinetry. Instead, enjoy the new scenery.

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