What is a Property Inspection?
A property inspection is a visual examination of the physical structure and systems of a home or commercial property. If you are considering the purchase of a home or commercial property an inspection should be completed by property inspector to ensure your personal or business property being purchased is in the safest possible condition.
Why do I need a property inspection?
The purchase of a home or commercial property is probably the largest single investment you will ever make. You should know exactly what conditions are present, both indoors and out, in terms of repair and maintenance and their costs. If you are buying a commercial property you should additionally understand liability exposures that may be presented to the public, understand functionality of the buildings life safety systems including fire protection features and ensure the space is designed appropriately for the specified occupancy type. A fresh coat of paint could be hiding serious structural problems. Water marks in the basement may indicate a chronic seepage problem of may be a single incident. The home inspector interprets these and other clues, then presents his professional opinion as to the condition of the property before you buy, so you can avoid unpleasant surprises afterwards.
Additionally a property inspection will also point out the positive aspects of a home or commercial building, as well as the type of maintenance that will be necessary to keep it in good shape. After the inspection, you will have a much clearer understanding of what it is you are about to purchase, and you will be able to make your decision confidently.
When do I call the property inspector?
The best time to call the property inspector is after you've made an offer on the house, and before you sign the contract. Or you can ask your lawyer to include an inspection clause in the contract, making your purchase obligation contingent upon the finding of a professional property inspection.
Do I have to be present for the inspection?
It's not necessary for you to be present for the inspection, but it is a good idea. By following the property inspector around the property, by observing and asking questions, you will learn about your new home or commercial property and get some tips on general maintenance and be well informed of some of the identified concerns with the property and recommended practices to correct the issue.
What if the report reveals problems?
If the inspector finds deficiencies in a home or commercial building it doesn't necessarily mean you shouldn't buy it, only that you will know in advance what type of repairs to anticipate. A seller may be willing to renegotiate the purchase price because of significant problems discovered in an inspection. If you don't wish to become involved in future repair work, you may decide that this is not the house of you. The choice is yours.
What does a home inspection include?
An InterNACHI inspection includes a visual examination of the house from top to bottom. The inspector examines the heating system, the central air conditioning system (when temperature permits), the interior plumbing, and electrical systems, the roof and visible insulation, walls, ceilings, floors, windows and doors, the foundations, basement and visible structure.
Can't I do it myself?
Even the most experienced homeowner lacks the knowledge and expertise of a professional property inspector who has inspected hundreds, perhaps thousands of homes and commercial properties in his career. An inspector is equally familiar with all the elements of home construction and with the proper installation, maintenance and interrelationships of those elements. Above all, most buyers find it very difficult to remain completely objective and unemotional about the house they really want, and this may lead to a poor assessment.
If I'm selling a house or commercial building, is it a good idea to have an inspection prior to listing?
Below we have listed a few of the many reasons why sellers should have a pre-listing inspection:
· Information for proper pricing: A house or commercial building/space that's priced right sells faster.
· Saves the seller anxiety and expense: An impartial inspection report helps to substantiate the selling price or allows the seller to adjust the price to match the condition or make improvements to justify the price.
· Inspections eliminate last minute delays, unnecessary expense and can provide a marketing advantage.
· Increases the homes marketability and can reduce the sellers risk of lawsuits for undisclosed defects.
· Peace of mind for the seller that unknown defects that may threaten his family could be revealed.
How can a pre-tenant commercial property inspection benefit me?
Many times a property management company will have a new tenant rent a commercial space without proper knowledge of the tenants operations and potential risk to the property. This could cause an unfavorable municipal fire inspection, OSHA inspection or other insurance company inspection that has a potential of resulting in high cost in fines or corrective measures needed by the property management company. A pre-tenant commercial inspection can identify adequacy of fire protection, life safety set up and liability assessment to assist in prevention of later high cost to the property management company allowing the leasing experience to be more profitable.
How would emergency planning benefit my business?
Many commercial properties and businesses lack the appropriate plans for an appropriate response to fire, weather or other related emergencies. Deficiencies in written procedures, out of date procedures and lack of emergency procedure testing can result in significant financial loss, injury or death to employees. Code Advisor can assist by completing a business based risk assessment to evaluate the types of emergencies that could be experienced and complete an emergency plan review, emergency plan development and active emergency drill testing to ensure your emergency plans are adequate before any type of emergency occurs.
A property inspection is a visual examination of the physical structure and systems of a home or commercial property. If you are considering the purchase of a home or commercial property an inspection should be completed by property inspector to ensure your personal or business property being purchased is in the safest possible condition.
Why do I need a property inspection?
The purchase of a home or commercial property is probably the largest single investment you will ever make. You should know exactly what conditions are present, both indoors and out, in terms of repair and maintenance and their costs. If you are buying a commercial property you should additionally understand liability exposures that may be presented to the public, understand functionality of the buildings life safety systems including fire protection features and ensure the space is designed appropriately for the specified occupancy type. A fresh coat of paint could be hiding serious structural problems. Water marks in the basement may indicate a chronic seepage problem of may be a single incident. The home inspector interprets these and other clues, then presents his professional opinion as to the condition of the property before you buy, so you can avoid unpleasant surprises afterwards.
Additionally a property inspection will also point out the positive aspects of a home or commercial building, as well as the type of maintenance that will be necessary to keep it in good shape. After the inspection, you will have a much clearer understanding of what it is you are about to purchase, and you will be able to make your decision confidently.
When do I call the property inspector?
The best time to call the property inspector is after you've made an offer on the house, and before you sign the contract. Or you can ask your lawyer to include an inspection clause in the contract, making your purchase obligation contingent upon the finding of a professional property inspection.
Do I have to be present for the inspection?
It's not necessary for you to be present for the inspection, but it is a good idea. By following the property inspector around the property, by observing and asking questions, you will learn about your new home or commercial property and get some tips on general maintenance and be well informed of some of the identified concerns with the property and recommended practices to correct the issue.
What if the report reveals problems?
If the inspector finds deficiencies in a home or commercial building it doesn't necessarily mean you shouldn't buy it, only that you will know in advance what type of repairs to anticipate. A seller may be willing to renegotiate the purchase price because of significant problems discovered in an inspection. If you don't wish to become involved in future repair work, you may decide that this is not the house of you. The choice is yours.
What does a home inspection include?
An InterNACHI inspection includes a visual examination of the house from top to bottom. The inspector examines the heating system, the central air conditioning system (when temperature permits), the interior plumbing, and electrical systems, the roof and visible insulation, walls, ceilings, floors, windows and doors, the foundations, basement and visible structure.
Can't I do it myself?
Even the most experienced homeowner lacks the knowledge and expertise of a professional property inspector who has inspected hundreds, perhaps thousands of homes and commercial properties in his career. An inspector is equally familiar with all the elements of home construction and with the proper installation, maintenance and interrelationships of those elements. Above all, most buyers find it very difficult to remain completely objective and unemotional about the house they really want, and this may lead to a poor assessment.
If I'm selling a house or commercial building, is it a good idea to have an inspection prior to listing?
Below we have listed a few of the many reasons why sellers should have a pre-listing inspection:
· Information for proper pricing: A house or commercial building/space that's priced right sells faster.
· Saves the seller anxiety and expense: An impartial inspection report helps to substantiate the selling price or allows the seller to adjust the price to match the condition or make improvements to justify the price.
· Inspections eliminate last minute delays, unnecessary expense and can provide a marketing advantage.
· Increases the homes marketability and can reduce the sellers risk of lawsuits for undisclosed defects.
· Peace of mind for the seller that unknown defects that may threaten his family could be revealed.
How can a pre-tenant commercial property inspection benefit me?
Many times a property management company will have a new tenant rent a commercial space without proper knowledge of the tenants operations and potential risk to the property. This could cause an unfavorable municipal fire inspection, OSHA inspection or other insurance company inspection that has a potential of resulting in high cost in fines or corrective measures needed by the property management company. A pre-tenant commercial inspection can identify adequacy of fire protection, life safety set up and liability assessment to assist in prevention of later high cost to the property management company allowing the leasing experience to be more profitable.
How would emergency planning benefit my business?
Many commercial properties and businesses lack the appropriate plans for an appropriate response to fire, weather or other related emergencies. Deficiencies in written procedures, out of date procedures and lack of emergency procedure testing can result in significant financial loss, injury or death to employees. Code Advisor can assist by completing a business based risk assessment to evaluate the types of emergencies that could be experienced and complete an emergency plan review, emergency plan development and active emergency drill testing to ensure your emergency plans are adequate before any type of emergency occurs.
