How Much Does a Home Inspection Cost?

Are you planning to buy a house? You likely have several questions about your home inspection. This process can be tricky to navigate, so you’ll want to fully understand how an inspection works, as well as a few details on price and qualifications. How much does a home inspection cost? What does it involve? Why should you have one done?

Here’s a look at what you should know.

What Is a Home Inspection?

A home inspection occurs before your offer on a house becomes finalized. This endeavor isn’t required by law, but you’ll benefit immensely from an inspection. A professional home inspector comes to your future house to conduct an in-depth overview. They search for any issues your seller may have initially missed.

A standard inspection will cover four categories: structure, roofing, electrical and plumbing. You can add additional services for an extra fee, as well.

Why You Might Need a Home Inspection

Home inspections help for various reasons. First, it’s not a small investment to purchase a home. Therefore, you want to ensure you’ve put your money toward a property that’s not secretly a massive money pit. In other words, you need to test drive your future house before you finalize your deal. An inspection can uncover issues that lead you to think twice.

It’s common for a buyer to renegotiate with a seller when they find a problem. For example, you could ask your seller to pay for one task while you cover another. Your approach may vary, but you should know that a seller doesn’t have to comply. That’s when you need to decide whether it’s your dream house or not. In some cases, you may rescind your offer because you discovered more flaws than you initially assumed.

A seller may want to conduct a pre-listing home inspection so they can anticipate needs. If they discover a problem, they’ll be able to complete repairs early.

How Much Does a Home Inspection Cost?

The price of an inspection depends on different factors, but the average is around $300 to $500 for most houses. A newer home will cost less because you likely won’t come across many issues. The same concept applies to size. If you have a residence larger than 2,000 square feet, you can expect to pay a little more because your inspector will have to cover more ground.

You may have to spend money on a fee if you want additional inspections for mold or rodents.

What to Look for in a Home Inspector

Your real estate agent can recommend different home inspectors. That said, you may want to find your own. You should compare multiple inspectors who have state certification and extensive experience. This way, you’ll be able to weigh your options. You can ask for a sample report to determine their thoroughness. It’s imperative to do your homework so you don’t run into any issues.

If you want to use a website to hire an inspector, you should narrow your search to fit your criteria. It’s also smart to read reviews when available.

Use This Information to Conduct Your Home Inspection Properly

As a homebuyer, you want to keep your experience as simple as possible. That’s why it’s important to understand the details of your home inspection beforehand. As a result, you’ll be better equipped to choose an inspector who can accurately assess your property. Use this guide as a resource to make this process seamless.