7 Most Common Ottawa Home Problems
7 Most Common Ottawa Home Problems
Home inspections are a vital part of residential real estate transactions. Generally, all home buyer should hire a home inspector and inspect the home before purchase.
Home inspections can be stressful for both home sellers and buyers. This could be the last step before selling a home firm. Yet, home inspections can uncover issues that may cause the buyer to ask for a price reduction or worse, to walk away.
What is the best way for sellers to avoid last minute surprises?
Get a pre-listing inspection done. While carrying out a full home inspection before you list your home on the MLS is no guarantee for a sure fire sale it will help greatly. A thorough inspection will uncover issues the seller may not even know about. Often these issues can be a turn off for home buyers looking for a move-in condition home. By getting your home inspected you will have time to fix the issues to make your home much more attractive and competitive.
What are some of the most common (and expensive) home problems in Ottawa?
Most common issues uncovered by home inspectors
1. Roof Problems
Obviously, the roof is one of the most important components of the home. An older, damaged or poorly installed roof can lead to serious issues, including the dreaded water damage. Even small water stain marks on ceiling and window frames can get home buyers nervous. A new roof is expensive. Most buyers will not compromise on this component. Sellers have to factor into the asking price if the rood needs major and immediate repairs or replacement.
Keep in mind if the roof is simply ‘old’, re: has a number of years of expected lifespan, most sellers will not be expected to replace it for a resale property.
2. Electrical Wiring Safety
Many older Ottawa homes may not have electrical systems up to current codes. While building codes change often, there are times when the wiring is so old it needs to be replaced. For many less vital issues, like missing ground fault breaker outlets in bathrooms and kitchens, the solution can be fairly inexpensive. Although rare these days, in older Ottawa homes there may still be come live knob and tube wiring. Those will have to be removed professionally. Home insurance companies will not insure knob and tube wiring in Ottawa.
Faulty wiring safety is a vital issue for buyers. Do not eliminate most potential buyers by overlooking electrical safety in your property.
3. Plumbing Problems
Plumbing is another of the basic components of homes. It is also a component few owners think about until there is a visible issue. As an example older homes with older cast iron pipes can present problems. Make sure your property has plumbing that works, and there are no plumbing issues.
4. Bad Insulation, Vermiculite and Asbestos
One of the most expensive component of modern homes is insulation. In older homes there may be insufficient insulation. It may even be difficult for an experienced home inspector to get a proper idea of the level of insulation. This is true especially in some older homes and behind walls. There can be asbestos containing insulation material in some homes. Often this is completely unknown to the seller. Until the home inspector of the buyer uncovers it. Since removing asbestos containing insulation is very expensive most buyers will not compromise on this.
5. Cooling or Heating Systems
Needless to say the heating system in an Ottawa home is crucial. Make sure you have your furnace (and Air conditioner) inspected by a technician before listing your property. Further, keep all records of furnace inspections to show prospective buyers. A well maintained cooling and heating system will make your property more attractive.
7. Foundation Issues
Foundation repairs can be one of the most, if not the most, expensive repairs in most Ottawa houses. It is one of the first things inspectors and real estate agents look at. Minor cracks on basement floors are common. Large cracks, running across the floor and continuing the walls should be looked at and fixed. There are different techniques to fix foundation issues. This is another area where few buyers would compromise.
Other common issues
A thorough home inspector will look at many other components of a home.
- Hand rails
- Windows and window frames
- Rotting wood
While no inspector can possibly find every single potential issue in a property, an inspection report will help you immensely. You will know more about the condition of the property and find out approximate costs to fix them. If you are a more pro-active seller you can fix problems and provide the buyers a warranty, making your property more competitive than other, similar homes.
How can a Realtor Help
Buying a property is an emotional experience. You are searching for your new home, not simply an investment. If the above things on the list is a lot to keep track of, it is because they are. Real estate agents look for such issues as a matter of course. They can help you spot major and visible issues that may require extra attention before you proceed.
For sellers discovering issues and addressing them before the property is on the market will increase its competitiveness. A good report at hand can also put the buyers at ease.
Contact me for more information