Termite Inspections
Termite Inspections
Termites may be small, but they typically live in large colonies. It’s also possible to go years without knowing that they’re silently destroying your home. The destruction that termites are capable of is by no means minimal. In the United States, termites cause an average of $5 billion in damage each year. The average cost of termite treatments and damage repair is over $8,000. In extreme situations, the cost of repairs can be more than the value of the home.
Buying a home is a major milestone in any person’s life, especially if you’re about to become a first-time homeowner. When you prepare to purchase your first house, you will be exposed to a brand-new world of homeowner’s insurance, inspections, mortgage rates and so forth. What about inspections for pests, specifically termites? Are termite inspections required when you’re preparing to purchase a new home? Knowing the costly impact termites can have on a home, it’s only logical that termite inspections be required when buying a house, right? Well, you might be surprised to learn that they’re not mandatory in all cases. Homeowners are typically required to have termite inspections at the discretion of their insurance providers or lenders.
Here are some reasons for scheduling a Termite Inspection with Rodriguez Exterminating.
- Whether or not a termite inspection is required will depend on your insurance provider’s policy in this regard. It’s also important to note that many insurance companies do not cover costs of damage caused by termites, as it's believed that this is often preventable with maintenance and regular inspections, among other reasons.
- You already know that lenders may require homeowner’s insurance, which usually necessitates a termite inspection. However, even if they don’t require homeowner’s insurance, most lenders still require Termite inspections.
- If you’re getting a loan through the U.S. Department of Veterans Affairs, commonly known as a VA loan, the home in question must undergo Termite inspection.
- A loan from the Federal Housing Administration, also called the FHA, requires a termite inspection.
- Regardless of whether you’re required to have an inspection, you absolutely should consider it. This applies to not only the home buying process, but to routine maintenance as a homeowner. In fact, it’s recommended that you have your home annually inspected for new termite activity, as they are constantly feeding and foraging around your neighborhood.
