When you’re looking for a new home, you want to make sure you buy real estate that’s going to be a worthwhile investment. This involves doing your due diligence in ensuring you buy a property that will meet your standards. Scheduling a few different types of inspections will help you make a wiser choice in buying your next home.
A home inspection is not a requirement for a bank/mortgage company to loan money for a mortgage. An insurance company will request a 4-Point Inspection and Wind Mitigation Report in order to obtain insurance. Without insurance, no loan will be approved.
A 4-point inspection is an examination of the current condition of a house or condominium, reviewing four major systems: roofing, electrical, plumbing, and HVAC. This specific inspection is requested by homeowners insurance companies before someone can renew or be eligible for their desired coverage plan.
A wind mitigation inspection is a report completed by Central Florida Building Inspectors that may help homeowners qualify for an insurance premium discount. These discounts are given to homeowners who have wind-resistance features on their property.
These inspections are essential when buying a new home.
While a home inspection will evaluate the general condition of the roof, the inspector won’t conduct an intensive inspection. They will look at the roof from the ground and inspect it from inside the attic.
A roofing contractor will climb onto the roof for a closer look. They will examine the visible roofing materials, gutters, and underlying support materials to gain a thorough understanding of your roof’s quality.
Another issue that buyers of Leesburg real estate face is the presence of pests in a home. A pest control company can provide a thorough inspection to determine whether there is a rodent or insect infestation. In particular, they will look for signs of nesting and feeding that can cause damage to the home.
The inspector will inform you of any problems and tell you what’s needed to resolve the issues. In most cases, you can resolve a pest problem with a one-time fogging and routine spraying.
Water damage and mold growth are common issues in Leesburg, Florida, homes due to the tropical weather and humidity. While most sellers address these issues long before listing a home for sale, the inspection can give you peace of mind.
While the basic home inspection will include looking for mold growth, it might be present in areas that the inspector might not see. A mold remediation company will have the tools and expertise to look deeper for these types of problems.
While scheduling a variety of inspections can seem like a hassle, they will help you buy a better home. If you know in advance that you won’t have to deal with a few common homeownership problems right away, you’ll have more time to save for future repairs and improvements. You’ll also have that extra time to build more equity in your new home.
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