If you ever watch any home buying or remodeling shows on TV, you know what kinds of secrets a home inspection can reveal about a seemingly-safe house! Home inspections are crucial before finalizing any real estate purchase, especially here in New York where we are a “Caveat Emptor” (meaning: Buyer Beware) state.  All buyers should know that sellers are not required to disclose much about their home during a real estate transaction.

Does the house have faulty plumbing, a bad roof, or a failing foundation?  That’s up to the buyer to discover on his own, the seller doesn’t have to tell you.  For that reason, I highly recommend a home inspection.  This is typically done after the home is under contract, during a specified “Home Inspection Contingency” period.  The purpose of the home inspection is primarily to evaluate the physical condition of the home for sale and identify anything that needs to be repaired or replaced, but also to estimate the remaining useful life of the structure’s components.  Furnaces, water heaters, roofs, siding… these all have a “typical” life expectancy before they need to be replaced.  A home inspector can help you understand today’s condition compared to that “typical” life expectancy so you can make an educated guess about when it will need to be replaced, and even what that might cost you.  Beyond that, a good home inspector will also record specifics about the components of a home and help you understand how to use those systems and perform the basic maintenance requirements to keep things working properly.

And, a word of caution… Don’t confuse appraisals with inspections! An appraisal is for a lender to estimate the value of the home, and to make sure it meets minimum condition standards set in place by the lender or mortgage insurer for that type of loan.

For example, a VA (Veterans Affair) loan is one that is insured against default by the Veterans Administration.  The VA has property condition requirements, and the appraiser is charged with checking to ensure that the property meets those requirements.  It’s a similar situation with FHA (Federal Housing Administration).  These loans also have minimum property condition standards.   Any lender can also impose their own standards.  So, as a result of the appraisal, there may be “Lender Required Repairs” before the loan can close on the home.  However, this does NOT guarantee the value or condition of your would-be new home.   If you find problems with your home after closing, don’t expect the FHA, VA or your lender to help. For more information, contact me: 

Louis DiCioccio
Certified Home Inspector / State of New York License #16000023457
Perfection Home Inspection, LLC
(716) 312-2303
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                                      "It's not just a Home Inspection, it's a Perfection  Inspection."


Perfection Home Inspection - Home Inspector
390 Elmwood Ave.
Buffalo, NY 14222
(716) 312-2303