If you’re selling your home, most likely your potential buyers won’t have enough money on hand to pay for the property outright. Instead, they will go to a bank for a loan—most likely, a Federal Housing Administration loan, which requires a downpayment of 3.5%. Before lending the money, the bank will request an FHA inspection of the property to ensure that it is worth the cost. The following guide outlines what this entails and how sellers should prepare.

What Is Included in an FHA Inspection?

FHA inspections focus on the health, structural, and living conditions of the home. For example, the professional will likely inspect your home’s foundation, walls, and roof to ensure they’re structurally sound.

Then, they’ll look for any conditions that might impede the health of potential buyers. These might include the presence of mold or asbestos.

Finally, they’ll inspect the home for any factors that would make the living conditions less than favorable. This might involve looking for problems with the plumbing, heating, and electrical systems.

Once they’ve reviewed all the aforementioned areas, they’ll create and file a report with the Federal Housing Administration. Once the review is processed, the house will be listed on the market as FHA-approved.

How Should You Prepare for These Inspections?

Once you decide you want to list your home, bring in an inspector to identify any existing issues. Have them compile a list of problems and compare them to the FHA’s list of requirements. Once you cross-reference both lists, create a plan for which projects you want to tackle. Address the most severe first, focusing on cosmetic projects last. This way, when the FHA inspection is scheduled, you do not have to worry about your property failing the requirements. 

If you need to schedule a home or FHA inspection, turn to the team of professionals at A-Pro® Home Inspection in Denver, CO. For over 25 years, these experts have helped streamline the real estate buying and selling process. Visit them online to learn more about what they do. Call (303) 875-7627 to schedule an appointment.