Termites can cause significant property damage—which can be very costly to repair (and generally isn’t covered by homeowners insurance). If you are buying a property, it’s important that you get a termite inspection performed before the closing. And in fact most banks or lenders will require this as part of the loan approval process. While this may seem like a hassle, it’s definitely a worthwhile investment that can save you a lot of money and aggravation later.
If you’re buying a new house, there are lots of check boxes you’ll have to make sure you tick off, from finance-related items to those related to the condition of the home. One of the pieces of information you’ll want to make sure to have (and many lenders require it) is a termite inspection report. Termites cause billions of dollars in damage each year. So you want to be sure that your home is free of, and protected against, termites.