A home inspection is one of the crucial steps any real estate investor must take before buying or selling a property. This service helps you make the right investment decisions in the real estate market. Know what to expect when you hire a home inspector to check a property you are going to invest in.
What real estate inspection is
Real estate inspection is a limited, organized, and thorough examination of a residential property to evaluate its condition and check for any structural issues.
What real estate inspection is NOT
A home inspection is not a comprehensive forecast of what will happen to the property after a certain number of years. Home inspectors focus only on the existing defects in the property.
Why you should not forego inspections
Are you going to purchase a property? You need to hire a home inspection company to make sure that any repairs necessary are taken care of before you close the deal.
Real estate agents usually do not have the time—and they are not expected—to do the inspection themselves. The job is typically outsourced to a home inspection contractor with a team of trained, professional home inspectors. This gives others the chance to profit from performing home inspections.
How real property inspection works
The home inspector is expected to check every part of the home to determine any structural defects before the property is released for sale. When the sale has been completed, the home needs to be inspected again to make sure that anything within the property remains as is.
If a new damage has been spotted after the old homeowner has vacated the property, it has to be fixed before the new occupant moves into the house.
With real estate inspection, you can rest easy knowing what to expect from a property your are going to invest in.