Top 5 Misconceptions about Investor Home Inspections

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A home is one of the biggest investments that many people make during their lifetime. You make these every month or more often. For this reason, investors need to ensure that their homes remain in good condition for a long time if you are a buy and hold investor or that they can sell quickly as a flipper for the budget your set. One of the many tools investors can utilize to maintain their investment or protect themselves is the home inspection. Here are five common investor home inspection misconceptions that should help you appreciate home inspection.

#1- Investor Home inspection is required only when purchasing a home

The truth is that a investor home inspection is also recommended for sellers. Getting a investor home inspection and correcting the problems before putting the house on sale will boost customer confidence. Fewer negotiations will be required thus may result in a quicker sale.

 

#2- The investor home inspector will find errors in every component of your property

The reason for a home inspection is to assess the systems and structures within the homes. They include electric, plumbing and safety systems to name a few. The exercise may take up to three hours, during which all problems may not be realized. The home inspection does not address cosmetic defects such as carpet stains and dings in the paint but would find ones such as aluminum single strand wiring or polybutylene piping.

 

#3- Investor Home inspections are only for old homes

Inspecting homes is good for houses despite their age. Do not assume that all components inside a house are functional simply because it is new. New homes may have issues often because of first construction errors or neglected maintenance.

 

#4- Investor Home inspectors are deal breakers

Home inspections do not end with a fail or pass that could mean a halt or a continuation of the sales deal. A qualified home inspector will report the condition of the home. It is up to the buyer to decide whether to move on or not. Recommended repairs might be easy and cost efficient and will aid in the durability of the home in the long run.

 

#5- Sales will delay if the buyer asks for a home inspection

One may tend to trust that house inspections only slow the sales process. However, by hiring a certified home inspector, you can be assured of a final report within 24 hours. Do not avoid the process simply because of this false belief and miss out on a potential pitfall you didn’t know existed.

 

Remember, you don’t know what you don’t know. 

 

Article written by Leo Cannyn, PMP, P.E. of Beryl Engineering and Inspection. Cannyn has over 15 years experience in inspection, is a state of Florida CEU provider, and is a Certified Master Inspector.

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