As a serial home owner, I don't think this would help the process overall. The home inspection I got on my first home was something like 16 pages of absolute nonsense. "Dishwasher is of unverified age and might fail soon." "Refrigerator is of unverified age and might fail soon." ... "Cosmetic scuffs on cabinets in kitchen." ... and on and on.
As a buyer, I don't need you to tell me that an $800 dishwasher or $1200 water heater might fail someday; you might as well tell me that the water coming from the faucets is wet. I want to know about the major systems. That particular inspection was "no ready roof access, so a visual inspection was conducted from the ground with nothing obvious detected; if you're concerned about roof condition, have a roofer come out." No, the roof is one of the very few things I care about from hiring you.
Most recent inspection was better, but still included a dozen pages of ticky-tack nonsense that no one should care about. I suspect that makes people feel better that they got their money's worth by someone pointing out that a kitchen floor tile had a visible crack in it, one kitchen light bulb was burned out, and an HVAC filter was overdue for changing, but that crap doesn't even need to be in the report let alone become a permanent part of the registered record of the property, nor should it be forced as part of the purchase process.
Requiring it as part of every transaction would be a massive giveaway to the home inspection industry. Adults are capable of making adult decisions, and if they want an inspection as part of the decision, they can choose to get one. Likewise, sellers can choose to go with the buyer who best fits their circumstances.
Also needs to have state set requirements first what counts as an inspection as companies like lenar set their own rules about what can be inspected.
How do you envision this helping?
There are limits to home inspections, and many types of defects you're just not going to see. For example, that leaking water line causing a brown spot on the wall that reappeared after a week could be slightly slower (or in a drier season) and only appear after a few months. Many problems take time to manifest as symptoms, and especially with a newly constructed home there just hasn't been enough time. (also why code inspectors check at separate stages of progress, while many more problems can be visible without having to open walls)
Furthermore, home inspectors don't actually have any skin in the game. They're not giving you any kind of representation or warranty, but rather more of a quick look from the perspective of someone who knows how houses are built and have a list of common problems to look for. And they can certainly succumb to the same type of normalization of deviance going on with the contractors in this article.
That's not even getting into the types of ongoing scams I've heard of where builders/sellers do things like "seal" the attic access door for "energy efficiency" reasons, and then assert that home inspectors cannot inspect the attic (eg the roof!) because opening the door would be causing damage. Or that a seller can easily cover up many types of problems a home inspector would notice, it's just generally illegal.
I'd say the real problems here are the high pressure sales funnel, and the complete lack of legal accountability. Forced arbitration and other onerous terms should be illegal. Heck if we're talking about a professional developer with an inventory, liquidated damages themselves should mostly be illegal. And newly built homes should have mandatory warranty periods longer than a year, probably at least 5 years, culminating with an independent inspector at the end to help notice any still-developing problems.
Then, claims for defects shouldn't be going directly to the builder who's strongly incentivized to trickle it down to some disempowered guy in a van, claiming to have solved the problem with whatever he had on hand. Rather the homeowner should be able to choose any contractor to fix the problem and file a claim on the builder's insurance - just as if it was home insurance claim, with a different responsible party.
In my country, an inspection is required for the mortgage lender, is this not also the case for the US?
An appraisal is required, to ensure the property is worth enough that the lender will be OK in the event of a foreclosure.
I've never had an inspection requirement as part of purchase initial financing nor as part of a refinancing.
I had a survey, and a valuation. The survey looked for signs of problems, though they didn't tear up and walls, but I guess shoddy work outside is a sign there may be problems inside?
I asked the appraiser what he was looking for on one of my refinances. "I pretty much just verify the house is real, measure the foundation [for square footage], count the floors, bedrooms, and bathrooms, then find some local comps to justify the appraisal."
I don't think any of the appraisers were inside for even 10 minutes.
Very recently a record portion of houses were bought with cash, and you couldn't even get a house if you wanted an inspection because you'd be outpaced by those who weren't going to do one.
I believe it depends on the lender, though it's going to be effectively required by all.