Tips on Reading an Inspection Report

When interviewing a home inspector, ask the inspector what type of report format he or she provides. There are many styles of reports used by property inspectors, including the checklist, computer generated using inspection programs, and the narrative style.

Some reports are delivered on site and some may take as long as 4 - 6 days for delivery. All reporting systems have pros and cons.

The most important issue with an inspection report is the descriptions given for each item or component. A report that indicates the condition as "Good", "Fair" or "Poor" without a detailed explanation is vague and can be easily misinterpreted. An example of a vague condition would be:

Kitchen Sink: Condition - Good, Fair, or Poor.

None of these descriptions gives the homeowner an idea what is wrong. Does the sink have a cosmetic problem? Does the home have a plumbing problem? A good report should supply you with descriptive information on the condition of the site and home. An example of a descriptive condition is:

Kitchen sink: Condition - Minor wear, heavy wear, damaged, rust stains, or chips in enamel finish. Recommend sealing sink at counter top.

As you can see, this narrative description includes a recommendation for repair. Narrative reports without recommendations for repairing deficient items may be difficult to comprehend, should your knowledge of construction be limited.

Take the time and become familiar with your report. Should the report have a legend, key, symbols or icons, read and understand them thoroughly. The more information provided about the site and home, the easier to understand the overall condition.

At the end of the inspection your inspector may provide a summary with a question and answer period. Use this opportunity to ask questions regarding terms or conditions that you may not be familiar with. A good inspector should be able to explain the answers to your questions. If for some reason a question cannot be answered at the time of the inspection, the inspector should research the question and obtain the answer for you. For instance, if the inspector's report states that the concrete foundation has common cracks, be sure to ask, "Why are they common?" The answer you should receive will be along these lines: common cracks are usually due to normal concrete curing and or shrinkage. The inspector's knowledge and experience is how the size and characteristics of the cracking is determined.

We recommend that you accompany your inspector through the entire inspection if possible. This helps you to understand the condition of the home and the details of the report.

Read the report completely and understand the condition of the home you are about to purchase. After all, it is most likely one of the largest investments you will ever make.

Two years ago our appraisal firm invested significant capital to create a new and innovative appraisal service for our community and our clients.  The objective of the venture was to create a local, regional, and national data base of residential properties which could be researched, verified, and analyzed monthly against current market data and market trends.  Over two hundred other appraisal firms have joined with us in that new venture. 

The analysis is being done on all properties within our market, and simultaneously in the other 200 plus firms across the country.  It is a major undertaking, in both capital and time to create and maintain the data; millions of dollars of capital, hundreds of thousands of hours.  By Mid 2010 the data base will have been completed and all software will be functioning.  We are proud of the investment we are making to improve the service we can provide to our community and to our lender and mortgage broker clients.

Zone Data Systems, LLC (ZDS) has been formed to manage and market the software, data, and resulting appraisal products on a national basis.  Our firm is a full partner in ZDS and will market the services locally to our community and our clients.   Please visit www.zonedatasystems.com Quality Appraisal Group website to obtain more information on our exciting new products and services!

It’s one more example of how our firm is working to serve our community and our clients!

One Step Ahead!

Quality Appraisal Group is an authorized member of Zone Data Systems, LLC www.zonedatasystems.com http://www.zonedatasystems.com/


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