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.
Popular Real Estate Terms
Initial user of real estate property, such as the first tenant in a newly constructed apartment building or office building ...
A noncurrent loan in which the principal, interest, or maturity is related to a particular index. Therefore, period adjustments are necessary to conform to the change in the applicable ...
Ask Price is the initial listed price for a piece of real estate.It’s important to understand that, in the real estate world, there’s no such thing as a fixed price when buying ...
Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract. ...
The definition of acoustical materials is a wide range of materials that are used in construction or technology to provide soundproofing. There are different types of acoustic materials ...
Tables used to compute the monthly mortgage payment that consists of principal repayment and interest. A loan amortization type of formula is used. The tables have monthly payments for any ...
Legal suit in which the plaintiff sues the defendant for some reason. A counterclaim of litigation is to exercise one's legal rights. There are many causes for litigation including damages ...
A reassessment or a reappraising is a decision or strategy made by the owner or the state or local authorities. The reassessment definition is a revision of an earlier assessment. Property ...
Tenant breaks the lease because the landlord does not keep the premises habitable. ...
Have a question or comment?
We're here to help.