Will a 5-Point Inspection take the place of a Complete Pre-Purchase Inspection (Buyer’s Inspection)?
Again, this depends on the characteristics of the home (age, construction type, location, etc.), as well as your intended use for the property. It really comes down to two main things again; your comfort level (peace-of-mind) and the requirements of the insurance company. Once more, it is worth noting that the 5-Point Inspection is much more limited in scope than the complete Pre-Purchase (Buyer’s) Inspection. If you have any questions or need direction when choosing the Inspection Service that is right for your situation, please contact me!
How do I know whether I need a 4- or 5-Point Inspection?
Honestly, it will come down to two factors:
- Is it something you want for the added peace of mind, and does it even apply to the property you are looking at? In Florida, we know our ground shifts due to aquifer depletion, water table issues, poor drainage (wetland or marshy areas), sandy loose soil, beach erosion, etc. The foundation and framing are two of the most important components of a home’s construction, yet are often overlooked because they aren’t visible due to flooring, wall coverings, etc. Even though the Inspector may be limited to how much he/she can see, there are a multitude of indicators that the seasoned Home Inspector can find and note that may point to deficiencies in any one of these different areas.
- Check with different insurance companies prior to purchase if you have any doubt as to what is required to obtain a Home Owner’s Policy for full coverage. If it is mandated by insurance and you are financing the home, you don’t have a choice. Just get it done!
How is a 5-Point Inspection different from a 4-Point Inspection?
The 5-Point Inspection covers the four main components form the 4-Point, however, it includes a structural evaluation as well. This will include framing and foundation components, as well as windows and any decks or balconies that may be a part of the home.