Electrical
will be inspected for hazards such as unprotected connections and improper wiring in the electrical panels
Plumbing
is to have no active supply leaks or badly damage or missing drain sections.
Roof
is to be watertight with at least three years of economic life remaining
HVAC
units are to be functioning normally with no hazards
A “four-point” inspection focuses only on four areas of interest in a home, thus the name. It is used to validate an older home’s condition prior to a lender authorizing the release of funds. The concern for lenders is that certain systems and structures of the home may be approaching (or have exceeded) their service life. In such cases, a four-point inspection helps lenders to validate whether they will, or will not, release funds to the buyer.
The four areas of interest are:
- HVAC (Heating, Ventilation and Air Conditioning)
- Electrical wiring and panels
- Plumbing connections and fixtures
- Roof