my closing costs The following article is a guest post by MyClosingCosts.ca. MyClosingCosts.ca helps buyers, sellers and refinancers calculate and understand all of the closing costs involved in their transactions, so they can budget and be prepared on closing day. This post outlines the importance of getting a home inspection on any property, even a new one.

One of the major decisions faced by homebuyers is whether to buy a new or resale property. With a new property, everything from the foundation to the kitchen faucet is new. You may also able to customize everything, as you see fit.

While most homebuyers won’t think twice when it comes to getting a home inspection on a resale property, what about new properties? There can’t possibly be anything wrong with a new house, can there? Yes, there can. Here’s why we think you should always get a home inspection.

It’s New, Not Perfect

When buying a new property, one of the most important factors to consider is the reputation of the builder. If a builder has a track record of shoddy work, plus a slew of complaints, you should probably steer clear of any projects they are working on. But even if you’ve done your due diligence and you’re buying from a reputable builder, it’s still smart to get a home inspection. While builders have to abide by building codes, and are regularly visited by municipal building inspectors, there are still plenty of things that can go wrong. For example, walls may not be perfectly straight, appliances can be hooked up incorrectly, and hot and cold water lines can be reversed. While some of these require only simple fixes, a home inspector is the person who can outline exactly what’s wrong and what needs to be done.

You Need More Than the Pre-Delivery Inspection (PDI)

If you’re buying a newly constructed property in Ontario, you’ll have the chance to do a walk-through with your builder for a pre-delivery inspection (PDI) before you take possession. However, unlike a typical home inspection where you have a certified home inspector on your side, with a PDI the onus is on the homebuyer to note anything that may be damaged, missing, or incomplete. Although your builder will provide you with a PDI form to note any issues, they won’t go out of their way to point out problem areas in the new property. Missing anything crucial means it will be a lot more difficult to go after your builder to make repairs, which is why it’s a good idea to bring in an experienced home inspector to do a thorough search of the property for you.

Peace of Mind

Unlike the pre-delivery inspection, which is done by the builder of your new property, a home inspector’s report is completely impartial. A home inspector won’t be scared to find any problems with your home – they just know what to look for and can give you an idea of how much time (and money) it would take to complete any repairs. For example, in a resale home one of your biggest concerns is wear and tear, so you would want to know the age of the roof, furnace, etc. However, with new properties your major concern is whether everything has been installed properly and is up to code. By skipping the home inspection, you leave yourself vulnerable to uncovering costly repairs later. By taking the time (and spending a few hundred dollars) to commission a separate home inspection of your own, you can finalize your purchase knowing your dream home will truly be move-in ready. We think that’s a closing cost worth budgeting for.

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