When buying a home, there are so many things to think about. The location, zoned schools, commute to work and the list goes on. There are also options for home inspections. While not required, it is something that is highly recommended. Even if the home looks like everything is okay, this is a large investment. You want to make sure that you are buying a home that is safe and not a money pit. Some insurance companies require a 4-point inspection on an older home.
In this article, we will learn what a 4-point inspection is, as well as the areas it covers in an inspection, and why you may need one. You will also learn about the difference between a 4-point inspection and a regular home inspection.
Let’s learn more!
What is a 4-Point Inspection?
A 4-point inspection is an analysis of a property’s four major systems—electrical, plumbing, HVAC (heating, ventilation, and air conditioning), and roofing. This type of inspection is typically conducted on homes that are over 25 years old to determine their condition and ensure they meet the minimum safety standards.
- Electrical System: Inspects the condition of the electrical panels, wiring, and outlets, and ensures they are up to code and safe to use.
- Plumbing System: Examines pipes, drains, water heaters, and fixtures to check for leaks or corrosion.
- HVAC System: Assesses the age, maintenance, and functionality of the heating and cooling systems.
- Roofing: Evaluate the age, integrity, and life expectancy of the roof along with signs of leaks or damages.
Insurance Requirements
A 4-point inspection is often required for homeowners who are looking to renew their insurance policies or for buyers interested in purchasing an older home. Its purpose is to identify potential risks and assure insurers that the home isn’t a high risk for claims. Also, many insurance companies require a 4-point inspection before underwriting a policy for an older home. It helps insurers decide if they will cover the home and at what premium.
Depending on the findings, a positive 4-point inspection report can lower insurance premiums by showing the insurer the home is well-maintained. Also, states like Florida commonly require 4-point inspections due to the higher likelihood of severe weather conditions, which increase the risk of damage to older homes.
What is the Difference Between 4 Point Inspection and Home Inspection?
A 4-point inspection is less comprehensive than a full home inspection, focusing only on the four critical systems. In contrast, a home inspection is a deeper dive into the overall condition of nearly all aspects of the home, from its foundation to its roof.
How to Prepare For a 4-point Inspection?
Preparing includes ensuring clear access to the electrical panel, water heater, HVAC system, and attic; fixing any known issues with these systems; removing clutter; and having documentation ready for any recent repairs or replacements.
Benefits of a 4-Point Inspection
The benefits include identifying critical repairs, potential insurance savings, peace of mind, and a smoother insurance application process. When you identify critical repairs early on, you can save money in the long run. Peace of mind is invaluable.
Examples of Common Issues in a 4-Point Inspection
This inspection can take between 1-2 hours depending on the size and condition of the home. There are also common issues that might include outdated wiring, old plumbing, aged or damaged roofs, and inefficient HVAC systems.
What If the Home Doesn’t Pass the 4-Point Inspection?
As with anything, there is not always a passing score. Unfortunately, failure to pass may result in the need for repairs or updates. Homeowners may also find it challenging to obtain insurance until the necessary improvements are made. This is another reason why having this done before you sell your home or before you buy a home is important. Insurance is important and being in a safe home is as well.
More Information About Inspections
Now that you know about 4-point inspections, let’s learn more information about home inspections and other terms you may hear.
One of those is why you don’t want to hire a cheap home inspector. This inspection is important for your home. If a home inspector’s price is a lot cheaper than others, this could be a red flag. Sometimes a cheaper inspector may not have the certification that is required to do this assessment, as well as missing items in a report. However, it could be the inspector is just starting out and does a great job and wants to build the business. Do your research and read reviews.
Another is when to walk away from a home after an inspection. As mentioned earlier, you may fall in love with a house but need to know that everything is working and the home is safe. If there are issues with the foundation, termites, water damage, roof issues, or unpermitted work to name a few, you may need to walk away. It is important to find out how to fix the issues, if they can be fixed, and negotiate that in the contract. If not, consult your realtor and other professionals and decide to buy or walk away.
Lastly, it is always a good idea to have a termite inspection. A termite inspection can take from 30 minutes to a few hours, depending on the size of the property. Again, a licensed termite inspector is important, and doing your research is a good idea.
When Do I Call a Professional?
A professional should be called when pursuing insurance for an older home or when an insurance provider requires this type of inspection. This isn’t something that you can do on your own. It requires a professional who is trained to do this type of inspection.
Conclusion
In summary, a 4-point inspection plays a critical role in assessing an older home’s key systems, fulfilling insurance requirements, and ensuring the safety and functionality of the property. Proper preparation and understanding of this process can streamline insurance applications and offer additional benefits to homeowners. Reach out to American Property Inspections for a 4-point inspection or full home inspection in the Clermont, FL area.
