Property Inspections – What it is and what it’s not

A property inspection involves a comprehensive (non-invasive) visual examination of a residential or commercial property’s condition by a qualified professional inspector. Following the property examination, the inspector provides a detailed report describing the assessment outcomes. The report content includes recommendations for further action where probable root cause and repair options for defects or referrals to specialists for further evaluation is shared. The main intention for the property inspection is to empower and enable the client to make an informed decision using the property assessment outcomes.

What it’s not:
A property (condition) inspection is not an evaluation to determine the property’s market value or a municipal inspection that verifies compliance with (local) regulatory standards. It is not a certificate of occupancy to confirm if the property is livable. It is not a bank inspection to determine if it is worth the money being loaned to the buyer or an insurance inspection to determine the properties liability risk. With that said, a qualified property ‘condition’ assessment inspector would be sufficiently skilled to carry out most if not all the above types of inspections. Some inspectors do include these inspection types (where approved) as additional service offerings.  

Important:
The Property Inspector does not inspect to pass or fail a property but rather assess its physical condition and communicate areas of concern.