(Cityline Toronto) VIDEO: Building inspector Frank Gruszewski shows you the key areas and potential issues he looks for on a home inspection job and why you should never skip it. "It could be the most expensive 4 to 500 dollars you ever save."
Courtesy of Carson Dunlop
THE 1% RULE
When you consider the life cycle of every component of a house, a reasonable annual estimate of the cost of normal maintenance is 1% of the value of the house. One year you may replace the furnace; a few years down the road you may re-surface the roof. Throw in the odd unexpected repair in between and you average 1% per year. It’s incredible but this rule is not far off, both for very expensive and very inexpensive houses.
(NC) - As the heat of the summer winds down to eventually give way to fall rains, it's the perfect time to start thinking about applying a stain to your deck to protect it against the oncoming punishment of our harsh Canadian winter.
Gil Strachan is a professional home inspector, representing Electrospec Home Inspection Services in east-central Ontario since 1994.