What is a property inspection with Colorado property Inspectors (CPI)?
A property inspection conducted by Colorado Property Inspectors involves an impartial and visual assessment of a property's physical structure and systems. This comprehensive evaluation covers everything from the roof to the foundation. Think of it as a medical check-up performed by a physician. If any problems or signs of issues are detected, our inspectors may recommend further evaluation or provide suitable solutions.
What does a CPI property inspection include?
During a standard inspection with Colorado Property Inspectors, the condition of the heating system, central air conditioning system (if weather permits), interior plumbing and electrical systems, roof, attic, visible insulation, walls, ceilings, floors, windows, doors, foundation, basement, and other visible structures of the property are visually inspected and their findings are summarized.
Why do I need a Complete Property Inspection?
A complete property inspection performed by Colorado Property Inspectors is essential for buyers and sellers to make informed decisions before entering into an agreement for sale or purchase. It summarizes the property's condition, highlights the need for major repairs, and identifies areas that may require attention in the near future. In addition to pointing out maintenance requirements, a property inspection also emphasizes the positive aspects of the property.
Property owners can use an inspection to anticipate potential problems and learn about preventive measures that could prevent costly repairs in the future. If planning to sell a property, an inspection before listing it on the market allows for a better understanding of the conditions that may be discovered by the buyer's inspector. It also provides an opportunity to make repairs and improvements that will enhance the property's appeal to potential buyers.
What will an inspection with Colorado Property Inspectors cost?
The fees for a property inspection may vary based on factors such as the property's location, size, features, and age. Furthermore, depending on the property, additional services like sewer drain inspections and radon testing may be necessary, and their costs can vary as well. It is advisable to research the prices in your area when contemplating a professional property inspection.
Can’t I do it myself?
Even the most experienced property owner lacks the knowledge and expertise of an inspector who is a Certified Master Inspector and Certified Commercial Property Inspector. All Inspectors with Colorado Property Inspectors possesses the necessary experience, knowledge, and training to provide an impartial and informed report on a property's condition. They have extensive knowledge of the various components and systems that constitute an overall property, as well as their proper installation and maintenance.
Furthermore, a Certified Master Inspector with Colorado Property Inspectors understands how the different systems and components are intended to function together, how and why they can fail, and what to look for in order to assess the property's condition accurately. Most buyers find it difficult to remain objective and unemotional about the property they desire, and this can affect their judgment.
To obtain the most accurate information about a property's condition, it is always recommended to seek an impartial third-party opinion from a Certified Property Inspector with expertise in the field.
Can a property fail an inspection?
A professional property inspection is not an appraisal or a municipal inspection. An appraisal determines the market value of a property, while a municipal inspection confirms compliance with local codes and regulations. In contrast, a property inspection is an evaluation of a property's current condition. The purpose of an inspection is not to pass or fail, but rather to describe its physical state and identify any areas that may require repair or replacement.
When should I call a property inspector?
It is recommended that you include a contingency clause in your purchase agreement, stating that your purchase obligation is contingent upon the results of a professional property inspection. This clause should outline the specific terms and obligations for both the buyer and seller. It is important to contact Colorado Property Inspectors promptly after signing the contract or purchase agreement, as time constraints may be involved. Fortunately, most inspectors are aware of these time constraints and can typically conduct the necessary inspection within a few days.
Do I have to be there?
Although it is not required, it is highly recommended that you accompany the inspector during the inspection. This gives you the opportunity to observe the inspector, ask questions, and learn about the condition of the property and its systems, as well as how to maintain them. By seeing the property with the inspector, you will gain a better understanding of the written report when it is provided.
What if the report reveals problems?
Every property has its flaws, and the discovery of problems during an inspection does not necessarily mean that you should not proceed with the purchase. Rather, the inspector's findings are meant to provide you with valuable information about the condition of the property before you make a commitment to buy. If major problems are found, the seller may be willing to adjust the purchase price or contract terms. This information can be particularly useful if you have a tight budget or if you would prefer not to take on significant repair work in the future.
If the property proves to be in good condition, did I really need an inspection?
Certainly. With the inspection report in hand, you can proceed with the purchase confidently, armed with knowledge about the condition of the property and all its equipment and systems. Through the Colorado Property Inspectors inspection process, you would have learned many things about your new property, which will be useful for future reference.
Are Inspectors with Colorado Property Inspectors certified?
Colorado Property Inspectors are Certified Master Inspectors with the Master Inspector Certification Board, certified members of the International Association of Certified Home Inspectors (InterNACHI), certified members of the International Code Council (ICC)** and certified members of the Certified Commercial Property Inspectors Association (CCPIA).