Every US citizen who has bought a home recently can sleep tight, knowing that the Federal Housing Administration takes care of the housing regulations throughout the country. Therefore, every home owner in the States that uses an FHA loan can be assured that the home they want to purchase will be redone and adapted to meet the standards set by the FHA. This is why every home meant for selling is inspected by FHA appraisers. However, their share of work is different from regular home inspection. So, what a home buyer needs to know about those different inspection features?
Buyer-friendly FHA appraisals
The main purpose of every appraisal conducted by the representatives of the FHA is to ensure that buyers get the best value for their money, i.e. to protect them from real estate frauds and scams. However, you have to know that their purpose is not to conduct a thorough and detailed inspection of your future home, but rather to cover general features and concentrate, like the size of the place and basic information. After that, they calculate its value by comparing it with other similar properties in that neighborhood.
Main FHA regulations
If you are planning to buy a place soon, you might want to know more about the most important FHA features that are checked during an appraisal. The appraiser will start from property basics, such as its location and the square footage. Moreover, they will note if there are any unmovable appliances and devices inside the property. In addition, a general check of all the rooms, as well as the basement will be performed, too.
However, you have to know that the basement footage is not part of the overall square footage included in the appraiser’s official report. The buyer also has to know that they should negotiate the price of the property if the basement is in a bad condition or they could ask for an upgrade of this area; read more about other negotiation-enhancers here. All in all, the appraiser is here to confirm the (non-)existence of rooms, appliances and other features in a home.

Real Estate Appraisal Inspection

U.S. Government, Wikimedia Commons

Home inspection prior to buying
Unlike the appraisal, which comes in handy for the buyer, but actually serves as protection for the FHA, the home inspection is conducted to inform the buyer on all the existing flaws in the property they might want to buy. There are resourceful checklists about the areas and details that have to be included in such an inspection. The point is that the home inspector checks every single detail from the roof to the basement and makes a report on their results. When the potential buyer finds out that the condition of the home in question is worse than it was presented, they can complain to the agent and either get a lower price or make them improve the condition.
Minute details
Unlike home appraisers, which are certified home checkers, home inspectors are unlicensed experts in the majority of states. This is why they do not cover a wide range of important home safety issues, such as testing your home for asbestos, formaldehyde, as well as fungi, the level of mildew or wood-harming insects. So, if you have any doubts about any of these features, you will have to call in licensed inspectors for each and every of them. In addition, every homebuyer has to equip their new home with cutting-edge anti-fire protection, which is why you also need to have fire safety services at the reach of your hand, to round off the home-appraising and checking process.
Real Estate Appraisal Inspection

Asbestos – Bill Bradley / Billbeee, Wikimedia Commons

The most logical step for a seller or a buyer is to have the target home checked by home inspectors and then to perform an authorized appraisal inspection. This sequence of inspections should ensure that every home is sold in a perfect condition that meets all the safety standards.