Termite Inspections: Know Your Risks before You Buy
When purchasing a home, termites or other wood-destroying insects such as carpenter ants, woodborers or powder post beetles can quickly put a damper on the excitement. Depending on your mortgage lender, a termite and wood-destroying insect inspection may be required. The most well-known requirements come from the US Department of Housing and Urban Development (HUD). HUD requires that homes they finance have a termite and other wood-destroying insect inspection by a certified pest control provider prior to final approval.
Are HUD Inspections Required Where I Live?
All homes purchased with HUD financing in Wisconsin, Illinois and Iowa require an inspection in order to get final approval. In Minnesota, select counties are excluded. See the complete list of exclusions on the HUD website.
Are HUD Inspections Required of a New Construction?
In the case of new construction, HUD requires a New Construction Subterranean Termite Service Record. This is to validate that a pre-treatment occurred protecting the new structure from termites. The accepted methods include soil applied liquid termiticide (pesticides for termites), wood applied liquid termiticide, bait systems or a physical barrier system. Your pest control provider will determine the best treatment for your construction. You can find more information here: http://www.npmapestworld.org/technical-resources/hud/
Are Termite Inspections Required for Conventional Loans Other Than HUD?
Although HUD has one of the strictest policies regarding termite and other wood-destroying insect inspections, many other private lenders are beginning to see the value of inspections and integrating them into their requirements for financing. Make sure to check with your lender early in the process so you understand what is expected. Even if it is not required to have a termite inspection prior to purchasing a home, it is a responsible practice for homeowners, much like a general inspection.
Are There Really Termites in the Midwest?
The presence of eastern subterranean termites in Wisconsin, Illinois, Minnesota and Iowa can sometimes surprise homeowners. Termites are a much more well-known threat in southern states, however there are pockets in the Midwest that are prone to termites and overall, the Midwest is classified as a light-to-moderate risk. The risk of termites increases as you move into the southern half of Iowa and Illinois
Learn more about this pest in our termite profile, or contact a specialist for more information.
Related Post From Our Blog
With Termite Awareness Week approaching March 13-19, 2016, it is important for Southeastern Wisconsin homeowners and businesses to stay vigilant and be aware of the possible signs of an infestation this spring. Known as the “silent destroyers,” termites cause an estimated $5 billion in property damage each year – that’s more damage to homes and businesses than all other natural disasters combined. Adding to the challenge, termite presence is difficult to detect as their activity is hidden behind wallboards, siding or wood trim.
The National Pest Management Association (NPMA) and Wil-Kil Pest Control are celebrating the fifth annual Termite Awareness Week, March 13-19, 2016 to bring awareness to termite prevention, detection and treatment. Although termite treatment is most effective when performed by a licensed pest control professional, it is important that individuals know the signs of a termite infestation and become familiar with prevention methods to combat the invasive insects.
Termites aren’t the only pests who have an appetite for wood! Carpenter ants, one of our biggest pest problems this summer, also love to tunnel in moist structures. Find out the difference between these two structure-threatening pests, along with some tips to prevent them, with Jay Newell, IPM Sales & Service Manager, as he visits NBC 15 in Madison.