Rental property inspections are a good way to detect problems before they do significant damage. The home inspection will identify any potential issues that may create concern in the future.
The home inspection is done without or with tenants with some regulations in place. Even if a homeowner has a great tenant, regular inspections can help prevent big problems down the road. It also signifies how caring you are in the protection and management of your property to the tenant, setting an expectation on the type of condition you expect the property to be returned while vacating it.
In another scenario, a rental property inspection allows the homeowner and the tenant to review the condition of the property before the new tenant moves in and setting an expectation of the state in which it should be returned. It also provides a chance to fix any previously unseen repairs before the tenant moves in, which sets both owner and tenant to be on the same ground on the condition of the renting home.
To get your home inspected, people often turn to recommendations from trusted friends and family members suggestions. While other people’s opinions are helpful, what’s effective is hiring a professional property management company that offers home inspection services.
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What to Expect from Home Inspection Service?
During a home inspection, the home auditor thoroughly evaluates the physical structure of the home along with the critical internal systems against the home inspection checklist. The checklist includes 50 to 75 factors that will be examined, checklist includes the factors related to the following:
- Electrical system
- Electrical switch points and wiring
- Plumbing system
- Heating and cooling systems
- Stove and Gas Pipeline Condition
- Kitchen and Utility area
- Walls, ceiling and flooring
- Windows and doors
- Roofing
- Drains and drainages
- Water supply, fixtures and tap
Home Audit Report
Once the home auditor completes an evaluation, they will provide a comprehensive report with the inspector’s findings. Home inspections are detailed, so audit reports often include between 50 and 75 issues, most of which are relatively small.
It would be great if reports can also shed light on how severe each listed problem and some estimates on how much it would cost to fix each problem.
What are the Different Types of Home Inspection?
- Move-in inspection – This inspection is conducted the homeowner and the tenant during the move-in process to a rental property. Some landlords take up a home inspection service to validate the move-in checklist to note down any issues with the property and then ask the tenant to sign and date the form. So that there is mutual communication on the present condition of the home.
- Move-out inspection – This inspection helps homeowners understand the condition of the property when the tenant leaves. This helps you to understand the issues that need to be addressed before renting it out again.
- Routine inspection – This inspection should be conducted periodically every 6 months to ensure that the property is well maintained and any issues addressed before the major damage. It gives homeowners an edge to manage their rental property efficiently and also gives heads-up to tenants to correct any damage they have caused before it gets worse.
Conclusion
Home Inspection is one of the popular property management services for homeowners, it is gaining importance due to the benefit it provides to understand the property condition and to protect it from expensive damages that may cause in the long term. It gives foresight on the possible damages and issues that may cause a hole in your pocket, if not fixed in the initial stage. Also, keep the liability of the tenants for the damages caused them.
The rental property comes with risks such as property damage, evictions, renter turnover and long vacancies, etc. Opting for the best property management services companies like Multiliving will allow you to manage your property hassle-free with all the essential property management requirements addressed under one umbrella.
Taking the home inspection service is a smart way to protect your property investment. Keeping a regular inspection schedule during the tenancy can help prevent problems and create a better rental experience for both you and your tenants.