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The 5-Minute Walk-Through That Could Save You $50,000: A Home Inspector's Secret System

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Manage episode 506849914 series 2911349
Content provided by David Pelligrinelli. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Pelligrinelli or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Key Takeaways:

  • Property inspections are common first steps when purchasing a home, but many buyers waived inspections in the 2021 hot market to avoid losing out on properties
  • Home inspectors may lack proper credentials - in some states, they only need a business license and aren't required to have real estate, construction, electrical, or plumbing knowledge
  • Traditional inspectors often miss major defects including roofing, structural, electrical, and plumbing issues due to limited expertise across all home systems

The Better Way: Hire Specialized Contractors

  • Replace one inspector with 2-3 trade specialists - electrician, plumber, roofer, etc. who have deep expertise in their specific areas
  • Cost comparison advantage - hiring multiple contractors for 1 hour each may cost less than a single home inspector who spends 4-5 hours and charges $500-600
  • Some contractors may inspect for free with hopes of getting repair work if issues are discovered
  • More thorough detection - specialists are more likely to find problems in their area of expertise than a generalist inspector

Strategic Timing Options:

  • Pre-contract inspections - arrange contractor visits during a second showing before making an offer, rather than as a contract contingency
  • Simultaneous inspections - bring multiple contractors at once to save time while maintaining thoroughness
  • Better negotiating position - knowing exact repair costs and scope before finalizing purchase terms

What to Look For:

  • Structural defects in roofing and framing that could be deal-breakers
  • Environmental issues like erosion (especially near beaches) and water intrusion problems
  • Grading and drainage issues that could lead to expensive future repairs
  • System-specific problems that require specialized knowledge to identify

Vetting Your Inspectors:

  • Ask about credentials - are they licensed contractors with hands-on experience?
  • Avoid former realtors who became inspectors without construction background
  • Choose general contractors over traditional inspectors when possible, as they typically have broader, deeper knowledge of home systems
  • Prioritize experience in actual construction and repair work over inspection certifications alone
  continue reading

2013 episodes

Artwork
iconShare
 
Manage episode 506849914 series 2911349
Content provided by David Pelligrinelli. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Pelligrinelli or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Key Takeaways:

  • Property inspections are common first steps when purchasing a home, but many buyers waived inspections in the 2021 hot market to avoid losing out on properties
  • Home inspectors may lack proper credentials - in some states, they only need a business license and aren't required to have real estate, construction, electrical, or plumbing knowledge
  • Traditional inspectors often miss major defects including roofing, structural, electrical, and plumbing issues due to limited expertise across all home systems

The Better Way: Hire Specialized Contractors

  • Replace one inspector with 2-3 trade specialists - electrician, plumber, roofer, etc. who have deep expertise in their specific areas
  • Cost comparison advantage - hiring multiple contractors for 1 hour each may cost less than a single home inspector who spends 4-5 hours and charges $500-600
  • Some contractors may inspect for free with hopes of getting repair work if issues are discovered
  • More thorough detection - specialists are more likely to find problems in their area of expertise than a generalist inspector

Strategic Timing Options:

  • Pre-contract inspections - arrange contractor visits during a second showing before making an offer, rather than as a contract contingency
  • Simultaneous inspections - bring multiple contractors at once to save time while maintaining thoroughness
  • Better negotiating position - knowing exact repair costs and scope before finalizing purchase terms

What to Look For:

  • Structural defects in roofing and framing that could be deal-breakers
  • Environmental issues like erosion (especially near beaches) and water intrusion problems
  • Grading and drainage issues that could lead to expensive future repairs
  • System-specific problems that require specialized knowledge to identify

Vetting Your Inspectors:

  • Ask about credentials - are they licensed contractors with hands-on experience?
  • Avoid former realtors who became inspectors without construction background
  • Choose general contractors over traditional inspectors when possible, as they typically have broader, deeper knowledge of home systems
  • Prioritize experience in actual construction and repair work over inspection certifications alone
  continue reading

2013 episodes

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