ISBN: | 978-5-5138-0400-0 |
High Quality Content by WIKIPEDIA articles! A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. The first known home inspection company, Home Equity Loss Protection Services dba/H.E.L.P.S.(Glen Ellyn, IL), was originally founded by Christopher P. Nolan and Loyola Professor Mark Goodfriend. Years later, the company was officially incorporated in the early 1980s by Jane Garvey, surviving wife of Professor Mark Goodfriend in Glen Ellyn, IL following its purchase from Christopher P. Nolan, the founder of the home inspection business and entrepreneur. Mr. Nolan was inspired to create a comprehensive system of home inspections because as an investor of distressed real estate and then a nationally recognized real estate expert and speaker, he realized a need to have skilled professionals inspect key areas of the home prior to his purchases in order to mitigate the risk of his investments. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections. The inspector prepares and delivers to the client a written report of findings. The client then uses the knowledge gained to make informed decisions about their pending real estate purchase. The home inspector describes the condition of the home at the time of inspection but does not guarantee future condition, efficiency, or life expectancy of systems or components.