These are the common materials and systems that can affect financing, insurance, and resale. Use this checklist to spot issues early and avoid last-minute surprises.
✅ Top Insurance Red Flags
- Two-Wire Electrical (Pre-1965)
- Aluminum Wiring (1965–1975)
- Poly-B Plumbing (1978–1998)
- Galvanized Steel Pipes (1940s–1980s)
- Wood-Burning Fireplaces (require WETT inspection)
- Wood Foundations (require inspection/engineering report)
⚠️ Other Issues to Be Aware Of
- Asbestos (1960s–70s) – Health risks, may require disclosure/remediation
- UFFI Insulation (1970s–80s) – Formaldehyde off-gassing
- Synthetic Stucco/EIFS (1990s–2000s) – Moisture/mold potential
- Lead-Based Paint (1950s–80s) – Health disclosure issue
- Chinese Drywall (1980s–2000s) – Rare, but can cause corrosion/odor
📌 Action Steps for Sellers
- Get inspections (WETT, electrical, plumbing) before listing
- Disclose known issues honestly
- Provide maintenance or engineering records where available
📌 Action Steps for Buyers
- Ask early about potential red flags
- Confirm insurance coverage during the conditional period
- Budget for upgrades or repairs as needed
✨ Timing Matters
Insurance companies often require proof before they will bind coverage. No insurance = no mortgage funds released. Don't leave it to the last minute!
📞 Questions about selling or buying in Central Alberta? I can walk you through how these issues impact insurance, financing, and resale.
"Right Plan, Right Move"