When buying a rental property, it is important to have a thorough inspection done before making the purchase. Learn more about how to choose the right property inspector in our latest post!
You don’t want to rely on just any inspector to do the job. When you are ordering an inspection for a property you are thinking about buying, it is critical to have the right person for the task at hand. Not all inspectors are the same. Some have certain specialties that may be advantageous for you. For example, you may want to find an inspector that knows a little more about pools if one happens to come with the house you are looking at. Below, we will offer some tips to help you choose your property inspector in Toronto!
Your inspector should know how to find the big stuff that is going to kill your ROI. As an investor, you likely know enough to catch many of the small repairs on your own. It’s the bigger problems, and the things not always visible at first glance, that tend to get you in the long run.
Ask About Their Background
Just like any interview, ask them about their background, how long they have been an inspector, and if they have any specialties. Ask what they did before becoming an inspector. Give them some major points if they were in the construction industry. Having someone on your team with a background in construction, plumbing, or electrical, is always a perk. Someone without this background may not have the first-hand experience you are looking for.
Check Out Their Reviews
Check out sites such as Home Advisor and Angie’s List to find out what the inspector’s actual customers have to say. While you may have to take some reviews with a grain of salt, an experienced property inspector should have a good backing of reviews online to give you a sens of their work.
Find Out What’s Included In The Inspection
Make sure you find out what is included in the inspection before hiring a Ontario area property inspector. Ask alot of questions up front about things that a property inspector might not look at such as the roof or chimney. If they don’t have answers to all your questions you may want to look at hiring another specialty inspector for the job.
Ask Other Investors
A great investor will always make it a point to network with like-minded people in their area. When you are looking for real estate professionals to help you during the purchasing process, one of the best ways to find talented vendors is to simply ask other investors who they work with. The people they have worked with in the past will likely be familiar with working with investors and be able to better help you with what you are hoping to accomplish.