3 I’s Of Bad Home Inspection Reports: Incorrect, Inaccurate, Incomplete

Updated on

Buying your dream house may seem easy and fulfilling until the home inspection comes in to ruin everybody’s day.

When buying a new house, a home inspection can be the most grueling task for both the buyer and the seller, which is both time and budget consuming.

Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q3 2019 hedge fund letters, conferences and more

For compliance purposes, everyone needs to deal with the whole inspection process. This process may take a day or two, depending on the level of expertise of the inspector and the size of the property, among others. Unfortunately, the inconvenience that clients might experience when buying a residential property doesn’t stop there.

The InterNACHI Home Inspection Standards of Practice lists the protocols that every home inspector must follow when it comes to evaluation and inspection of residential properties. However, a lot of inspectors are non-compliant with this mandate, creating what can be called the “three I’s”.

Incorrect, inaccurate, and incomplete. These are the three results of a substandard home inspection report, which will be discussed further:

  1. Incorrect - This is providing wrong information on the report so that the inspection process can be finished faster.
    Issues like this, though can be perceived as something harmless from the start, breach the buyer’s trust, and may end up with the client filing lawsuit against the home inspection company.
  2. Inaccurate – An inspector may correctly pinpoint the major findings, but inconsistencies regarding the details may cause serious – often dangerous problems – to the buyers.
    Forgetting to record exact notes may get the clients into paying bigger insurance premiums because of cheap or unnecessary repairs.
  3. Incomplete - Overlooking even the minuscule details that are crucial in estimating the cost for any renovation and repairs can also lead to serious problems for everyone.
    By neglecting details about the inspection or failing to perfectly disclose everything, inspectors make the clients subject to an unexpected and renovation without the necessary contingency funds.

To sum it up, it is very easy to speed up a tiresome home inspection process but hiring the best professionals for the job to make sure that everything will be finished smoothly is still the best way to go.

To get the best home inspection services in town, check out this infographic created by Tauscher Cronacher & Associates, LLC and designed by Landau Consulting:

Leave a Comment