A rental property inspection in Denver, CO, is very similar to those across the nation. Trained professionals will check the systems in the home to verify they are in good working order or alert the buyer when there is a problem. Before you can ask what is included in a rental property inspection, it is best for you to first understand why you should have the property inspected, beyond Denver’s required inspection to comply with the Healthuy Residential Rentals for All Program.
Failed Systems
The heating, cooling, and plumbing systems are the most expensive systems in a home. These systems require regular maintenance check-ups and service calls more than any other system in a household. A best rental property inspection in Denver CO, will assess these systems, and you can use the assessment to determine whether you are going to proceed with your offer to purchase the rental property or look elsewhere. It is very common for buyers to ask for money to be taken off the asking price when plumbing, heating, and cooling systems have or are expected to fail.
Financing
Most lenders will require a quality inspection before they agree to the financing amount. They want to protect their investments with little to no risk. You or the inspector can provide the report directly to your lender. In most cases, the lender reserves the right not to approve the loan if the inspection results in poor quality systems. After the initial inspection has been completed and you close on the apartment building, you may want to ask a residential inspection company to continue inspections throughout the year. The best rental inspection companies will offer recurring inspection services at a discounted price.
