- Expect that you will need to schedule inspections on the home you’re buying
- Expect to complete the inspections prior to the contract’s Inspection Objection Deadline
- Expect to learn more in this SPECIAL REPORT
Home inspection costs vary but a good rule of thumb would be to expect to pay from $300 to $500 depending on size and age of the home.
It can be tempting to want to forego the home inspection, especially since it’s one more cost to handle. But we believe the home inspection to be one of the most crucial steps for buying a home, and it shouldn’t be overlooked or rushed.
You can hire any inspector you want. (Ask your reRESULTS Broker for a list of trusted inspectors).
The inspection includes major components which typically include the structural foundation, the exterior structure and roof, the interior structure, the heating system, the electrical system, and the plumbing system and, sometimes, the major appliances. The inspection is limited to items that are safely and readily observed. And there are many other types of inspections that may be applicable in some situations…like Radon testing or a sewer scope.
The inspection enables your Inspection Objection contingency. Which in turn allows you to renegotiate the price paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. Your agent can advise you on the best course of action once the report is filed.