A residential home inspection is performed by a licensed home inspector to ensure that a home is in good condition and satisfies bank requirements for a mortgage. It also ensures buyers who don’t need to obtain a mortgage that they are not overpaying for the property.
The inspection engineer evaluates all electrical systems, heating, air condition and plumbing. Other interior factors covered during a residential inspection include checking for indications of prior water intrusion and signs of wood destroying insects. He will also inspect the condition of the roof, windows, doors and the exterior. This includes patios, decks, sidewalks and driveways.
While a residential inspection focuses on structural evaluations, a commercial inspection also includes assessment of amenities. It’s also known as a property condition assessment (PCA). The type of construction, occupancy and the age of the structure determine how the particular place will be inspected.
A baseline PCA relies on document review, walk-through survey and even interviews. A commercial inspection can include site characteristics (landscaping, paving, utilities), roof surface areas, mechanical and electrical systems, plumbing, and vertical transportation like elevators. Additional services might include indoor air quality assessment, radon testing and ADA assessments.
The resulting property condition report (PCR) is used to help buyers and owners understand maintenance and operation of the property. It also helps prospective investors to assess their confidence when it comes to making financial decisions.
While residential and commercial inspections are performed in order to measure standards, insurance inspections are about liability and finding the relative value of a home in case of fire damage or other replacement scenarios. The insurance inspector only evaluates the outside. He checks to see if any trees have branches that are touching the roof or have roots that might cause damage to the home. He also looks for peeling and chipped paint. Driveways and sidewalks are checked for cracks that need potential repairs.
It’s also an insurance inspector’s job to make sure that the agent didn’t make a mistake about the condition of the home and that the home falls within the under-writing.