After learning the capabilities of renovation financing (203(k)); the increase in flexibility for Buyers to successfully rehabilitate distressed homes lead me to a whole different world in real estate! I ran across the option of a professional Home Analysis. When a property requires renovation before it is inhabitable for FHA financing, I call in a certified Home Analysis Inspector.
Whether there is a need for REO, Foreclosure, 203(k) or construction drawing inspections, the analysis document includes a line item breakdown of cost to renovate, rebuild, or repair with images. Have used it a lot recently, and the detail is quite extensive and even saved a Buyer thousands on a potential home purchase where the repair estimate far exceeded the list of patent defects.
Don't get me wrong, I truly see great value in the home inspection, but if you have a client who is interested in the "Best Deal" of a neighborhood, or rehabbing a HUD home, it might be worth the $350-420 for a Home Analysis!