Home Buying / Home Inspection Risk Reduction (Part 1 of 3)

puzzle pieces risk reductionAs well as EXCITEMENT, we might also feel a little nervous or stress when it comes to buying a home. Could there be major issues my home inspector won’t find? Well, there’s something you can do to help lower your risk.

My name is Donn Anderson.

I’m a Certified Master Home Inspector® in Southeastern Wisconsin and I’ve inspected over 16,000 homes since 1995. I also serve as an Expert Witness & Arbitrator in cases of Inexperienced or Low-priced Home Inspectors who have left some homebuyers paying for repairs that should have been discovered during the inspection.

We’ve maintained over a 99% customer satisfaction rate by educating our customers Before…, During… and After the Inspection.

If you’re in the market to buy or sell a home, I’d like to help you Reduce your Risk and your Stress. RISK often starts with the assumption that all Home Inspectors are licensed, and the only difference is price.

Every Inspector has a different background, credentials and experiences.
There are Home Inspection schools that guarantee ANYONE can pass the exams after a 5 day course.
Do you think it’s wise saving money on an inspector who was only trained for 5 days?

I hope you have us inspect your next home, but if you don’t, still consider the following to help you reduce Stress and your Risk of a bad outcome.

Here’s what YOU can do BEFORE your next Home Inspection

  • Research Home Inspectors
  • Research the Home and
  • And CAREFULLY read the Standards of Practice

Compare Credentials & Research Reviews of several Inspectors.

The CHEAPEST is usually the LEAST qualified and puts you at the MOST risk of financial loss.

Besides licensing, ask potential home inspectors if they are:

  • A Full time or part time Home Inspector
  • Do they have a Construction Background.
  • Do they have Errors and Omissions Insurance in case they miss something big, such as a basement problem
  • Are they a Certified Master Inspector®
  • Have they performed a minimum 2,000 inspections
  • Do they have a working knowledge of the Building Codes and
  • Do they have Experience as an Expert Witness?

If you get referrals from your Real Estate Agent, your Lender, your Attorney and Friends, check out their reviews on the internet.

Once you’ve narrowed down your search to your top 3 picks, check their background with:

  • The Better Business Bureau
  • Angie’s List
  • Google, Facebook & other Social Media and
  • CCAP – the Wisconsin Circuit Court of Public records to see if they have any judgments against them.

Remember, the more experience & relevant credentials, the more thorough your inspection will be, and the more likely problems will be found during the inspection, rather than after you move in.

For more help, you can download the Home Inspector Credential Comparison Worksheet from our website

Next – Research the Home
Contact the Municipality to find out if the sellers pulled and closed all Permits for any remodeling.

Ask for and read the sellers Real Estate Condition Report
Ask the seller to provide copies of Receipts & Warranties for your review DURING the Home Inspection for any:

  • Basement repairs
  • Roof replacement (& repairs)
  • Window Replacement
  • And any Electrical, Plumbing or Heating & Cooling Service calls

Next, carefully read “The Standards of Practice”
This is the heart of your Home Inspection Agreement.
Remember, a home inspection is NOT All Inclusive and it’s not a To-do List of Maintenance items.
It’s about finding the Major Defects.
Maintenance issues are documented only as a courtesy.

So

  • Research Home Inspectors
  • Research the Home and
  • Read the Standards of Practice

For more info on Risk Reduction, learn what you can do During your Home Inspection in the next upcoming article.