A 4-point inspection is an examination of a residential or commercial property’s electrical, plumbing, roof, and structural components. This type of inspection is required by most lenders and insurance companies.
Buyers inspect properties because they want to know whether the property meets all the criteria needed to qualify for financing or insurance coverage.
Home sellers should consider having a home inspection performed prior to listing the property for sale. If there are any problems found during the inspection then the seller can negotiate with buyers to lower the price accordingly.
The purpose of a home inspection is to identify defects and repair issues that might otherwise go unnoticed. Some common types of inspections include electrical, plumbing, roof/foundation, heating, air conditioning, ventilation, insulation, appliances, and fire protection.