Most Common Home Inspection Findings
Before committing to buying a home, a professional home inspection should be on every buyer's list. Buyers might object, thinking that the investment process is already long as is, adding a home inspection will add to the cost and make it an even longer process. Private financing can help with that, so buyers should invest in professional house inspectors. Home inspections are necessary because it reveals the existing problems with the property.
Learn more about the common home inspection finds.
Weak Foundation
A house that has a weak foundation will have doors and windows that stick, floors that slope down, or a door that swings in a certain direction when ajar. A weak foundation is caused by several problems and can lead to many issues as well, such as water damage and grade sloping.
Buyers may not know how to check if the house has a weak foundation. That's why home inspections are important. A house can't be made into a home when its base seems to be crumbling at any given moment. It's also costly to fix.
Faulty or Exposed Wiring
A common find in home inspections is exposed and faulty wiring. Not only is it a common issue, especially in fix and flip rentals, but it's also a costly one to fix. Wiring issues are extremely dangerous because they risk causing electric fires.
Older homes don't have enough outlets and can lack an ample power supply, because of which the seller may have used extension cords. These cords are an extra load on the power supply, which leads to fires.
Water Damage
Water damage is another costly problem found in house inspections. This is expensive to fix and can lead to severe consequences on a person's home and health. House inspectors have found toxic mold, mildew, water stains and even powdery residues on walls that a buyer may not recognize on their own.
Plumbing Issues
An issue found in home inspections that many buyers don't know to look for is plumbing issues. Before purchasing a house, it's necessary to turn on every faucet and shower and flush all the toilets in the house to make sure they're working properly.
This will show if there's any sign of leakage or if the house has slow drain problems. The cabinets beneath the sinks also need to be checked to see if there are small drips. Plumbing systems can either require minor fixes or even a complete overhaul.
Drainage and Grade Sloping Issues
Often linked with water damage, drainage and grade sloping issues are also seen in home inspections. When the home is not graded right, the water can't drain, leading to drainage issues. This also puts cracks in the foundation of the house.
Leaky Roofs
A leaky roof can be troublesome. It's also not visible to an untrained eye. Roofs can have many issues such as being too worn, having holes in them, broken flashing, incorrect installations, and aged surfaces.
Learn More About Investing in Real Estate
Done with the home inspection and looking to invest in real estate with quick financing options? Insula Capital Group is a leading private lender and real estate investment enterprise. Their services include fix and flip hard money lenders, hard money construction loans, private financing, etc. Contact them today for more information.
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