Financial

What You Should Know About This Year

What to Expect From Your Real Estate Inspector

A property inspection is an independent, non-invasive inspection of the current state of a property, usually in relation to the prospective sale of that property. Typical home inspections are performed by a qualified home inspector who at the very least has the proper training and certifications in order to do such inspections on behalf of a buyer or seller. This type of inspection should be conducted before any selling of a property is commenced. Property inspectors who have the best training and experience are able to detect major problems with a property that could potentially cost the seller thousands of dollars in damages, repairs and possible liabilities. There are numerous potential problems that could arise from a poor inspection. These problems can include:

* Flooding: A home inspector who is thorough and knows how to identify flood damage will most likely find this problem. It is important for the potential buyer to know whether or not the property has been damaged by a flood. If not, then the problem may only be limited to plumbing, heating system, etc. If there has been extensive flooding, then the home inspector needs to visit the property and take measurements in order to determine if the structural integrity of the property has been compromised. If so, a new roof needs to be installed, as well as possibly new windows and siding.

* Heat Loss: A good inspector will also look for signs of heat loss. A property that has experienced significant temperature fluctuations will most likely have been impacted by these fluctuations. In addition, a property that has had no previous maintenance issues should also be given special attention. Look for cracks or leaks that could potentially impact the strength and integrity of the roof. If these problems are not addressed, they could potentially compromise the structural integrity of the building.

* Condensation: A good property inspector will also look for signs of condensation on the exterior walls and windows. While condensation may not pose a significant problem on its own, it can cause a significant increase in the overall cost of the purchase price. Condensation can also cause structural damage to the house, such as cracking or flaking paint. This would obviously have an adverse impact on the buyer’s comfort and the value of the property. The seller should make all attempts to remove existing condensation from the property, or should have it dried professionally prior to listing. As always, it is advisable to hire a professional to do this, as it is not something that can be resolved quickly.

* Poor Landscaping: Finally, any property that has not been properly landscaped will detract from its appeal and affect its curb appeal. A property that looks overgrown and crowded will be viewed negatively by potential buyers. The seller should consider repaving and planting trees and flowers to improve the property’s appearance and curb appeal.

If a potential buyer finds problems with one of these aspects of the property, he or she may well have buyer’s remorse and feel that the seller did not do enough to correct the situation. Even if the seller’s finances are not in order, the buyer should be offered concessions or incentives to correct the problem. This will go far toward making the property more attractive to a potential buyer and keeping the property owner from having buyer’s remorse. Therefore, it is advisable to have the property inspected by a licensed real estate inspector before listing the property.

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