Definition of "Home inspector"

Home inspector is the name the real estate industry calls the professional responsible for the close and thorough examination of a property.

The home inspector usually is called upon action at the beginning of Closing to assess the current situation of the house being sold. He/She checks every single detail of the house and its structure. Roofing, plumbing, exteriors, structural elements, electrical, heating, air conditioning… and then makes a thorough home inspection report noting the problems the house might pose, with pictures

Typically, home inspectors start outside of the property, checking things around the exterior of the home, then move on to the roof, inspecting it for leaks, then the garage, and finally the house interior. If the house has two-stories, the inspector usually starts on the top floor and works his way down, because – especially in really old properties - the foundations might be affected from the inspection he/she did; so they save it for last, just to be sure that their assessment is the most correct possible.

While during closing its almost mandatory for the home inspector to be called – it’s in both the home buyer and the home seller’s interests to know the exact state of the house so one doesn’t try to push their problem to the other – they can be called at any given time. It is not uncommon for the home seller (because of a real estate agent’s recommendation) to hire a home inspector the moment he/she decides to put the house on the market, as a way to know if the home is in good standing or if it needs some structural reinforcement. This is done as a way to prepare the house for the market. If there’s a problem, it gets fixed, and the home value goes up.

The home inspector is not to be confused with a building code inspector or a home appraiser.

Because building codes vary a lot from place to place – and, to tell you the truth, get changed from time to time - the home inspector is not responsible to know if the way it was built conforms to that region’s current way of building. He/she is only interested in the safety and functionality of the construction. However, if he/she does know of an error, he/she can tell the homeowner and write it in the inspection report – though, we believe, it will have no practical value; nothing but a heads-up.

And the home appraiser is responsible for calculating how much a property is worth by combining several aspects, including the safety of the construction, but does not have the aptitude to recommend changes and note dangers the homeowner should focus to bring the house’s health to safe conditions. In short: Appraisers focus on value, Home inspectors on safety.

Real Estate tip:

For more information on what to look for in a home inspector, check our blog regarding selecting a house inspector.

And, like that article says, talk to your real estate agent about it, as he/she will probably have a trustworthy one to refer to you.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Income reporting to the Internal Revenue Service using form 1099 stating income earned. For example, An employing real estate broker uses form 1099 to report commissions earned by a real ...

The definition of a testator in real estate is an individual who makes or leaves a valid will detailing how their possessions are to be divided or distributed among their heirs. The ...

Accelerated method in which a fixed percentage factor of two times the straight-line rate is multiplied each year by the declining balance of the fixed assets book value. ...

Transfer of both real and personal property. An example is the sale of a home with personal belongings. Putting together a group of property to be sold together, perhaps at a discount ...

The American Society of Appraisers, also referred to as ASA, is the largest voluntary membership, a multi-discipline trade association that stands for and promotes its appraiser members. ...

Falsify financial records and statements to misrepresent the financial position and operating results of the business. ...

A style of architecture originating in Europe in the 1920s. The international architecture design was very functional and emphasized buildings constructed of steel, reinforced concrete, and ...

Loss arising from the partial or complete destruction of property resulting from circumstances of a sudden, unanticipated or unusual nature. For example, fires, storms and floods to real ...

Large room at the entrance to a building designed for people to converse or move about freely. ...

Popular Real Estate Questions