{"id":1072,"date":"2016-07-01T08:06:56","date_gmt":"2016-07-01T13:06:56","guid":{"rendered":"http:\/\/berylprojectengineering.com\/?p=1072"},"modified":"2016-07-01T08:06:56","modified_gmt":"2016-07-01T13:06:56","slug":"1072-2","status":"publish","type":"post","link":"https:\/\/themediabeast.com\/resources\/1072-2\/","title":{"rendered":"Home Inspector Standards"},"content":{"rendered":"

Home Inspector\u00a0| Minimum Property Standards\u2026 What and Why.<\/h2>\n

Home Inspector\u00a0| You may have heard of the Federal Home Administration<\/a> and their list of minimum property standards, but what exactly are these standards? Why do they have them, and what do they cover?<\/p>\n

 
\nWhy \u2013 Minimum Property Standards assure a buyer that they are purchasing a home that does not have obvious or hidden damage that may make it unsafe or expensive to fix later. It also protects the lender from losing their money in the event of a foreclosure by the inability to sell for what was lent. These standards protect all involved, and should be taken seriously by hiring a competent and certified home inspector early on in the process of home purchase.<\/p>\n

 
\nWhat \u2013 Breaking it down to the basics, the minimum property standards require that the home be safe, secure, and sound. Safe assures that home protects health and safety of those who live there. Secure is in regards to the property\u2019s security as explained above, protects both buyer and lender from financial risk. Sound meaning the property should not have physical deficiencies that affect the home\u2019s integrity.<\/p>\n

 
\nWhile these blanket terms are great, below are some more specific items that are covered by minimum property standards:
\nNo frayed or exposed wires in electrical boxes.<\/p>\n