@Nic said:
Make sure you go walk through the property with the building inspector so he or she can show you stuff in person. It's very educational and you can ask questions, rather than just skimming the report afterwards.
Make sure you budget in for house repairs, as there's something that will need fixing every couple of months.
I can't emphasize this enough. Walk through with your inspector, you are paying him to find issues you are his customer, not the bank, the sellers, or real estate agent. Ask as many questions as you can during the inspection to get a good understanding of what to look for and pain points for future homes.
On the second house we put an offer on the front wall was becoming dislodged from the house. The inspector was really the only one to notice it, that put a full stop on everything and we passed on the house even though it would have been perfect for us.