The real estate industry is a multi-billion dollar sector in the
United States. There are many players in each real estate transaction
with home inspectors being as important as the real estate closing
itself.
Families move, on the average, once every five to seven years. Also, just under 70% of all homes bought and sold in the United States are evaluated by a home inspector. Given these two statistics, the home inspection industry is a major player in most real estate transactions. Home Inspection Defined A home inspection is a non-invasive visual examination of specific components in a residential property. The general components observed or evaluated are the structure, mechanical systems, and the lot or grounds. A home inspection is not a code inspection; they can be very different.
Many states now require home inspectors to be licensed and insured. Licensed home inspectors are considered professionals. So, before selecting a home inspector, ask for their credentials and find out whether your state licenses home inspectors. The licensing state will generally require that the home inspector have a certain number of classroom hours (some actually take correspondence), attend a specified number of "dead inspection", attend a certain number of "live inspections", and pass a national test. In many states, after the test has been passed but before the home inspector performs a home inspection on residential property for resale, the home inspector must obtain Errors and Omissions and General Liability insurances.
States licensing home inspectors will typically have "Standards of Practice" or a "Code of Ethics" that the inspectors must follow. The Standards typically outline the minimum you can expect from a home inspector or what can and cannot be expected in a home inspection. For example, home inspections are generally not technically exhausted. That is, home inspectors do not necessarily inspect the cause of certain problems; they merely report that there appears to be an issue and recommend further evaluation.
Home inspections may contain items greater than the typical Standards but they should never contain less. For example an HVAC technician who is now performing home inspection may offer a very thorough evaluation of your heating and cooling system for an additional fee. This is perfectly fine as the home inspector can always do more than the Standards of Practice. How Much Will A Typical Home Inspection Cost? The cost of a home inspection varies widely by location of the property, size of the buildings inspected, and the depth of the inspection. As a general statement, home inspectors must inspect certain systems in the home. They must also describe certain features of the home as well. For instance, saying that the home has a roof is no more information than most of us can gather on our own. But saying that the dwelling has an asphalt shingled roof with OSB sheathing gives us a considerable amount of additional information.
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Families move, on the average, once every five to seven years. Also, just under 70% of all homes bought and sold in the United States are evaluated by a home inspector. Given these two statistics, the home inspection industry is a major player in most real estate transactions. Home Inspection Defined A home inspection is a non-invasive visual examination of specific components in a residential property. The general components observed or evaluated are the structure, mechanical systems, and the lot or grounds. A home inspection is not a code inspection; they can be very different.
Many states now require home inspectors to be licensed and insured. Licensed home inspectors are considered professionals. So, before selecting a home inspector, ask for their credentials and find out whether your state licenses home inspectors. The licensing state will generally require that the home inspector have a certain number of classroom hours (some actually take correspondence), attend a specified number of "dead inspection", attend a certain number of "live inspections", and pass a national test. In many states, after the test has been passed but before the home inspector performs a home inspection on residential property for resale, the home inspector must obtain Errors and Omissions and General Liability insurances.
States licensing home inspectors will typically have "Standards of Practice" or a "Code of Ethics" that the inspectors must follow. The Standards typically outline the minimum you can expect from a home inspector or what can and cannot be expected in a home inspection. For example, home inspections are generally not technically exhausted. That is, home inspectors do not necessarily inspect the cause of certain problems; they merely report that there appears to be an issue and recommend further evaluation.
Home inspections may contain items greater than the typical Standards but they should never contain less. For example an HVAC technician who is now performing home inspection may offer a very thorough evaluation of your heating and cooling system for an additional fee. This is perfectly fine as the home inspector can always do more than the Standards of Practice. How Much Will A Typical Home Inspection Cost? The cost of a home inspection varies widely by location of the property, size of the buildings inspected, and the depth of the inspection. As a general statement, home inspectors must inspect certain systems in the home. They must also describe certain features of the home as well. For instance, saying that the home has a roof is no more information than most of us can gather on our own. But saying that the dwelling has an asphalt shingled roof with OSB sheathing gives us a considerable amount of additional information.
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