Definition of "Home inspector"

Home inspector is the name the real estate industry calls the professional responsible for the close and thorough examination of a property.

The home inspector usually is called upon action at the beginning of Closing to assess the current situation of the house being sold. He/She checks every single detail of the house and its structure. Roofing, plumbing, exteriors, structural elements, electrical, heating, air conditioning… and then makes a thorough home inspection report noting the problems the house might pose, with pictures

Typically, home inspectors start outside of the property, checking things around the exterior of the home, then move on to the roof, inspecting it for leaks, then the garage, and finally the house interior. If the house has two-stories, the inspector usually starts on the top floor and works his way down, because – especially in really old properties - the foundations might be affected from the inspection he/she did; so they save it for last, just to be sure that their assessment is the most correct possible.

While during closing its almost mandatory for the home inspector to be called – it’s in both the home buyer and the home seller’s interests to know the exact state of the house so one doesn’t try to push their problem to the other – they can be called at any given time. It is not uncommon for the home seller (because of a real estate agent’s recommendation) to hire a home inspector the moment he/she decides to put the house on the market, as a way to know if the home is in good standing or if it needs some structural reinforcement. This is done as a way to prepare the house for the market. If there’s a problem, it gets fixed, and the home value goes up.

The home inspector is not to be confused with a building code inspector or a home appraiser.

Because building codes vary a lot from place to place – and, to tell you the truth, get changed from time to time - the home inspector is not responsible to know if the way it was built conforms to that region’s current way of building. He/she is only interested in the safety and functionality of the construction. However, if he/she does know of an error, he/she can tell the homeowner and write it in the inspection report – though, we believe, it will have no practical value; nothing but a heads-up.

And the home appraiser is responsible for calculating how much a property is worth by combining several aspects, including the safety of the construction, but does not have the aptitude to recommend changes and note dangers the homeowner should focus to bring the house’s health to safe conditions. In short: Appraisers focus on value, Home inspectors on safety.

Real Estate tip:

For more information on what to look for in a home inspector, check our blog regarding selecting a house inspector.

And, like that article says, talk to your real estate agent about it, as he/she will probably have a trustworthy one to refer to you.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

To understand what liquidity risk entails, first, we must investigate what liquidity means. On the one hand, it refers to an individual or company’s capacity to meet debts without ...

(1) Return of the principal invested in real estate. It excludes income earned. (2) Collection of a previously written off bad debt. ...

Dehydrated gypsum that is mixed with water to form a rapidly setting material. Plaster of paris sets too rapidly to be practical for most building applications, but it is useful for ...

Underground pit or tank used to store sewage. ...

An individual's bringing a legal action against a defendant. The plaintiff wants relief from the judge against a defendant. An example is investors in a real estate investment trust (REIT) ...

Also called straight bankruptcy. A provision of the 1978 bankruptcy Reform Act providing for a persons property to be divided among creditors to satisfy his/her unpaid debts. Any debtor ...

Easement to build, maintain, and operate a disposal line for sewage. ...

An offset statement defines a specific property owner’s underwritten certificate against their property. The reason behind this action is to set forth the current condition of liens ...

Also called all inclusive trust deed (AITD). A mortgage (trust deed) that encompasses existing mortgages and is subordinate to them. The existing mortgages stay on the property and the new ...

Popular Real Estate Questions