Pest Inspection – Why it Matters for Every Home
When you’re purchasing a house, pest inspection for a mortgage is a typical requirement. But what is it do you really need to have one?
Home inspections usually include checking the structural quality of the property. Although the report may also include visible pests, some that hide deeper into the property could be overlooked. Termites are the leading enemies of house sellers and buyers. These pests harbor inside the wood and are barely seen unless the infestation is already advanced or if a professional exterminator inspects the place.
You may receive a clean home inspection report and still discover pests later on. This is why pest and termite inspection is critical before closing the property.
Pest inspection as a requirement
When it comes to pest inspection as a requirement for selling a home, you have to consider the practices in your locality. No laws are in place requiring such inspections before selling a home. However, if the buyer is purchasing with a mortgage, the lender will likely impose it as a necessity.
Both FHA and VA loans require pest inspection before approval. For this, you need to hire a professional pest control company to inspect the property. Even home inspectors aren’t licensed for this kind of job.
You can ask your real estate agent for a referral. Some lenders will endorse a specific company to provide the inspection for them. They may also have a home pest inspection checklist as a reference.
Who pays for pest inspection?
It depends. Sometimes, the landlord or seller will shoulder the cost of the inspection. There are times when the buyer will take the initiative and hire the inspectors.
The problem with the buyer shouldering the cost is that the seller has no control over the quality of the inspection. Also, the buyer may use the results to bargain for the selling price.
The upside, though, is that the seller will skip the extra cost.
Pest inspection vs. a home inspection
You might be wondering, what’s the difference between getting a pest inspection and paying for a home inspection? Isn’t the former already included in the latter?
Well, home inspections usually look for structural flaws and hazards. They may notice some signs of infestations, but they will recommend a specialist to look deeper into the matter. Again, since home inspectors aren’t licensed for pest inspections, their pest reports aren’t conclusive.
Pest inspectors typically come from pest control companies with hands-on experience in handling infestations. They have special tools that will detect moisture levels and they can also map out the possible pest harborage.
Some home inspectors will partner with pest inspectors for a separate fee. This saves you from the hassle of scouting for another inspector. Still, you should check the credibility of the pest inspector before inking the deal. You wouldn’t want to spend your money on an unlicensed inspector.
Pest inspection for a mortgage is crucial to determine the real condition of the property. Even if it costs more, it’s worth it, especially for home buyers investing in a new property.