Typical Inspection and Appraisal Items

When purchasing a home having inspections before purchase is not only smart but it is highly recommended. Knowing what you are buying can help you prepare for future cost.

Some of the most frequent inspection and repair items you need to look for when purchasing a home.

Depending on your loan type lenders require certain conditions to be met before loan approval.

Conventional:

  • Leaks
  • Exposed wiring (outlet covers missing)
  • Wood rot (case by case basis)
  • Private road maintenance agreements
  • Remaining economic life of roof

FHA:

  • Chipping/peeling paint exterior regardless of year built
  • Chipping/peeling paint interior if built 1978 or prior
  • Attic/crawl space access
  • Evidence of settlement
  • Existing appliances not functioning or built in appliances missing

VA:

  • Handrails when the height of retaining wall, porch, deck, stairs, etc. is too high
  • Safe water drinking tests for wells
  • Multi Parcels
  • Un-vented fireplaces/heat source
  • Private road maintenance agreements
  • Clear termite letter

USDA:

  • Safe drinking water tests for wells
  • (follows remaining FHA guidelines)

 

These are just some of the items and are subject to change depending on location and agency.