Buying a home?
However, the issues that really matter will fall into four categories:
- major defects, such as a structural failure;
- conditions that can lead to major defects, such as a roof leak;
- issues that may hinder your ability to finance, legally occupy, or insure the home if not rectified immediately; and
- safety hazards, such as an exposed, live buss bar at the electrical panel.
Anything in these categories should be addressed as soon as possible. Often, a serious problem can be corrected inexpensively to protect both life and property (especially in categories 2 and 4).