Home Inspection For Investors

Real Estate News TV

Home inspections for investors, investment buyers specifically. This is Paul Foster of Noble Home. Noble Property Inspections. And I’m Mike Acquisto. We’re interviewing him, discussing home inspections from the investment standpoint. So we were just talking that there is an alarming amount. Well, from my words, I guess an alarming amount of home inspections that are done that are for investors specifically. Right. So in your experience, tell me a little bit more about that. Well, I mean, I probably do 2 to 3, not 2 to 3 a day. I do at least 1 to 2 a day, four or five days a week, it seemed I seemed more of those than I do individual homebuyers. So that’s that’s interesting. Right. So what we have is the inspector and you’re saying, hey, the way our business runs and it’s not necessarily reflective of the whole market, but he has one person with his experiences and their business model does have a lot of investors going through it. Right, for sure. So tell us a little bit about some of the things that they want, some of the things they see, you know, the amount of different investors because you see a lot of different investors as well. Right. It’s not like the same one every time. Well, when I get the software or when I get the template, I don’t really know who the who the client is. I just go off of their template and we go through the house. We we follow their guidelines and what they want inspected in their photos and so forth. So we go in there and we look at that. We’ll look at the, you know, the condition of the home. It’s basically a lot just like a regular home inspection. But they want to see other things as well. They want to know the condition of the paint. A lot of cosmetics as in Trek. We don’t really you know, we don’t really prioritize the cosmetics of things because, you know, the paint and general maintenance can take care of a lot of that, but they want to know the structure of the home. We’ve got to get into addicts, of course. We have to look at the foundations, look at the walls. You know, do they have cracks on the outside? You know, they want to know all these conditions of the home so they know about what they’re going to go in there and spend when they go in there, you know, and put there. Now, there was something that you were talking about in particular when we were just talking a few minutes ago about the amount of pictures that some of the people want for each room. So talk about that experience just a little bit. Some of them want just a couple of pictures. Some of them weren’t, you know, anywhere from 12 to 20 pictures per room. All right. So just think about that for one second, 12 pictures or more per room. So explain that experience. It just takes a little bit more time. But you want to give them a good idea what each room looks like. So if you go from each corner, you know, take a picture of the opposite side of the room, you’ll get a good idea of what that room looks like. But they would have you take a picture like standing in the corner facing down. And you’re taking a picture there. Then you move to the next corner, the next corner, the next corner. And you’re taking that many pictures in each room, correct? Wow. All right. So, you know, now we see how investors are evaluating the properties a little bit more and they’re really looking at this report. Right. So sometimes you go through some of these things, you’re like an investor is buying it, like kind of not to worry about anything. And then you realize that there’s actually a gentleman going out to look at the property like pollen inspecting it, and he’s taking 12 pictures per room. So it’s a very different experience and possibly perception and reality of what’s going on. So that’s kind of the process. --- Send in a voice message: https://podcasters.spotify.com/pod/show/realestatenewstv/message