Home Inspections
Cayman Home Inspections and what we inspect:
Cayman Home Inspections provide services to home owners, sellers, realtors, contractors and insurance agents by providing them with the most vital information necessary to properly evaluate the current condition of the house or property.
To provide home inspection services to buyers, sellers, real estate agents, and property owners and furnish them with useful information on the current condition of their residential or commercial property. We use traditional inspection methods to look through the property’s interiors, exteriors, structure, roofing, electrical, plumbing, insulation, as well as heating and air conditioning systems and provide our clients vital, detailed information.
- Exterior – includes walls, grading, patios, sidewalks or driveways, soffits, doors, window, gutters, downspouts, retaining walls, irrigation system, fences or gates
- Structure – includes foundation, footing or columns, floors, walls, crawlspace and chimneys
- Roofing – coverings, flashings, structure, skylights, stacks/vents
- Heating and Air Conditioning – current state, combustion system, supply and discharge lines, ductwork, venting, controls, thermostats
- Electrical – grounding, service entrance, branch circuits, circuit integrity, outlets, panels
- Insulation – on the walls, attic, floors ductwork, lines, air or vapor barriers
- Plumbing – supply line, fixtures, distribution lines, functional flow, vents, traps, drains
- Interior – ceilings, walls, windows, doors, floors, staircases, smoke detectors, fireplaces
Why is a Cayman Home Inspections required?
Most real estate buyers buy their home using a mortgage, and as such work with a bank or other mortgage lender. In most countries, the bank will require a home buyer inspection, which the home buyer is obligated to pay for as part of his/her closing costs and the mortgage process.
During a home buyer inspection, a certified home inspector comes to the home the buyer is thinking about buying. He does a thorough inspection, which lasts anywhere between two hour to four hours, depending on the size of the home.
While at the home, the inspector checks all areas and aspects of the house for deficiencies. He usually works from the attic to the basement or vice versa, checking the foundation, the beams, the boards, the walls, the outlets, the heating system, vents, fireplaces, and any other interior and exterior aspects of the home. During the home buyer inspection, the inspector is generally checking for anything that could be costly to fix, such as foundation problems, roof problems, issues with the heating or cooling system, or the presence of asbestos, lead paint or mold.
Banks or other lending institutions require such an inspection to be performed before they lend money for the property because the inspection allows them to make sure their investment is supported by collateral. Mortgages are secured loans, which mean that the bank lends money but holds title to the home itself. The home acts as collateral or security on the loan. Therefore, the home must be worth at least as much as the bank lends to the buyer, in order to serve as sufficient security.
While an appraisal gives an indication of what the market value of a home is, major structural defects or other related issues could lower the value of a home dramatically, especially if it will cost a great deal to fix the issue. A home buyer inspection identifies these issues so the bank and buyer can be aware up front of any unforeseen costs. Usually, any offer a buyer makes is contingent on a home passing the home buyer inspection, so a buyer does have an out -or the opportunity to lower his offer- if the home buyer inspection reveals defects. A home buyer inspection is thus a safeguard against financial damages that could result from unknowingly buying a house that is in poor condition.
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