As a home inspector, you can’t help but to take note of current real estate trends. House flipping is emerging as one of these trends. Much of the time, house flippers are savvy enough to understand that they need a home inspection before buying, but others may still need some convincing. Even the most seasoned house flippers rely on home inspectors.
The truth is that house flipping takes time, which just as good as money. House flippers want to know that they are making good investments, and this knowledge comes from a professional and a comprehensive home inspection checklist.
House Flippers May Overlook Defects
When house flippers fail to spot defects in a home, they see a cut in their potential profits. In fact, one house flipper claimed that buying a 1,200-square foot house with a bad foundation cost him $30,000. The key is to show house flippers that an inspection can be the difference between a makeover and a total rebuild.
The truth is that most of a home’s details can’t be seen in a walkthrough of the home. It takes a close inspection to find those looming electrical, plumbing, and foundational issues.
House Flippers May Overestimate their Skills
Unfortunately, many house flippers believe that they are capable of fixing a problem but underestimate the scale of the problem. Providing a thorough home inspection list can help house flippers determine if they need to hire contractors to fix issues involving drywall, foundation, plumbing, electricity, and more.
A home inspection can reveal exactly what needs to be done by finding the root of the problem. One mistake house flippers often make is that they approach the transaction as a homeowner rather than as an investor. Your goal is to show house flippers that they need to consider the integrity of the home from foundation to attic.
House Flippers Need to Offer Peace of Mind to Buyers
Your role as a home inspector is to provide the buyer with information about the home, but your stamp of approval provides their buyers with peace of mind. Home inspection may also be used to address lending concerns. Financial backers may not be willing to put up funding without a proper inspection of the house.
Home inspections can provide reassurance for house flippers and their buyers.
What Does This Mean for Home Inspectors?
Flipped houses in the United States accounted for nearly 7% of all homes sold in the first quarter of 2016. House flippers tend to buy and sell more than one house in a short period of time, meaning that you may be able to count on flippers as repeat customers. With house flipping on the rise, it is becoming more apparent that flippers need to be part of a greater team in order to find success.
Home Inspection Report offers a thorough home inspection checklist that allows you to provide excellent service to house flippers and other clients. The key to repeat business is to provide comprehensive service. Download home inspection app for Android to see how our checklist can work for you.