Different Types of Residential Property Inspections
A typical residential property inspection lasts about two hours, and the inspector will compile a written report that discusses and describes the condition of the property and its features. This includes a summary of the major systems of the house, including their approximate age and condition; an assessment of major visible safety hazards; and a description of any recommended repairs or replacements.
Residential property inspections assess structural integrity, safety and the function of a building’s features and systems. While home and rental property inspections have some similarities, each has its own specific goals.
Home Inspections
A home inspection is a visual examination of the property and can include tests for moisture, pests and structural integrity. The inspector will also look at things such as plumbing and electrical systems; roof, attic and visible insulation; walls, ceilings, floors and windows; and the foundation, basement and structural components.
The buyer typically pays for a home inspection and it is usually done after an offer has been accepted by the seller. However, it can be done at any point during the sale process. Ideally, buyers should be present during the home inspection to observe the findings and ask questions.
Rental Inspections
Landlords should schedule rental inspections before tenants move in, just as they would for a home. If possible, the tenant should be present for this inspection. This will allow them to compare their suite with the one they occupied before and point out any damage that may have occurred. This inspection also allows the landlord to check that safety items like smoke detectors and fire extinguishers are working properly. Landlords will then use the inspection report to determine if the tenant is responsible for any damages and deduct them from the security deposit.
Landlords must be careful not to abuse this inspection process. Too many inspections can infringe on a tenant’s privacy and lead to ill feelings between both parties. Landlords should also follow state laws regarding the amount of notice they must give tenants before entering a leased dwelling for non-emergency purposes. Most states stipulate that tenants must be given between 24 and 48 hours.
Multi-Unit Inspections
Multi-unit properties offer the potential for a substantial return on investment. However, these properties can experience a variety of maintenance challenges, including wear and tear from tenants, pets, and lack of tenant compliance with maintenance obligations. Performing a comprehensive building inspection on these properties can help owners assess the overall condition of their assets and identify maintenance needs.
Multifamily buildings require different inspection standards than single-family homes. These may be determined by state regulations, authorities having jurisdiction, or specific company policies.
In a multifamily property inspection, the building exterior and parking area are inspected first. The inspector then enters each apartment unit and assesses its condition. Residents provide their own window air conditioning units, so those are not included in the inspection. Likewise, resident-owned kitchen appliances such as refrigerators and stoves are not included in the inspection. GFCI receptacles in kitchens may be obscured by personal items or furniture, so inspectors should take photos of the receptacles as an inventory but should not remove them.
Commercial Inspections
Commercial inspections are different than residential property inspections and require special training, tools and a different mindset. Adding this service to your business is a way to attract investors and other clients that you may not be reaching with your current marketing.
Your inspector will carefully examine the exterior and structure of your building to evaluate its condition. This includes looking at the roof, walls and overall structural integrity. Inspectors also look for any signs of wear and tear, water damage or a vulnerable building envelope.
During the property assessment, your inspector will remove any items that restrict visual examination. This might include removing equipment, rugs, furniture, wall coverings, debris and clutter. Your inspector may be required to enter occupied buildings at specific times and may need access to key or code locations, or be authorized by management. Your inspector will also inspect for environmental risks including asbestos, lead paint and mold. The inspection will conclude with a thorough report that contains an inventory of the systems and components and their general condition.
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