Friday, August 27, 2010

Raise the roof

When we bought our house, we were fortunate enough to be able to put a home inspection condition in the offer. At the time of our purchase, the Toronto real estate market was considered a "sellers market", which can create an environment of multiple offers and bidding wars. When buyers get involved in a bidding war, removing a condition on their offer such as a home inspection or approval of financing is a common strategy to position oneself better than the competition. I was too nervous to waive this condition, considering that we were making the single most important purchase of our lives, to date. I am thankful for the decision because we learned a lot about the state of the house and it made us feel confident in our decision!

One of the things that the home inspector told us was that we would need a new roof come spring. Our house is designed with a sloped roof, as well as a flat portion and both would need to be replaced. With all the regular closing costs along with the cost of the early renovations, we decided to take a chance with our roof and wait until the fall. Luckily we had a dry summer and everything is still holding up well but with fall around the corner we have decided to start collecting estimates. We turned to homestars, a website that reviews general contractors in the area. If you have any suggestions for good roofing companies in the GTA, please send us your comments. In the meantime, if you use general contractors in the GTA, it is worthwhile to post a review on homestars.

1 comment:

  1. Before buying a house, it's important to check its overall condition. It's okay if it has minor damages, just as long as the appropriate remedies won't cost too much.