March 20, 2020
4 MINUTE READ
Buying a home is an exciting time for anyone, but it can also be an incredibly stressful process. More often than not, home buyers are concerned about whether or not they are making a sound investment. A home inspection can help uncover a number of potential problem areas in the home, including:
Research has shown that more than 85 percent of home inspections revealed something that needed to be fixed in a home. With numbers like that, it’s easy to see why it is always a good idea to get a home inspection before closing on the sale of your new home… but how much is a home inspection?
One of the most common questions we’re asked about home inspections is how much they cost. According to the U.S. Department of Housing and Urban Development, most home buyers can expect to pay between $300 and $500 for a proper home inspection. And while this may sound like an expense you would rather forego, it is actually well worth it for the majority of home buyers to have an inspection done before purchasing a home.
If you’ve never bought a home before, a home inspection is simply a way to vet a home before making a purchase. It’s no secret that buying a home is a huge investment, so you want to be sure you’re making a good decision. And, let’s face it, you can’t exactly head over to Amazon to check out the latest reviews on the home you’re eyeing. So how can you get a good idea of any problems that may arise — before you sign on the bottom line to purchase your home?
Home inspections are a crucial step in the home buying process. In fact, it’s so important that, as a buyer, your lender may require you to get a home inspection before they’ll agree to your loan. But even if this isn’t the case, most (if not all) real estate professionals will recommend that you get a home inspection, for your own protection. Sometimes you have to pay for your inspection up front; other times, the cost can be rolled into your closing costs.
While the average home inspection cost ranges from $300 to $500, keep in mind that the exact cost of your home inspection will depend on a number of specific factors, including the size of your home and where you live. An older home can frequently also cost more to inspect, as can a home that has obvious flaws or deficits, which will require an inspector to spend more time on. But keep in mind that, no matter the cost of your inspection, it’s a drop in the hat compared to the costs you could potentially face if problem areas aren’t addressed.
Even if you’ve never been through a home inspection before, rest assured that your home inspector will come prepared with a thorough checklist of items to inspect, or order to find any potential problems with the house. Typically, the home inspection will check the following areas of the property:
Of course, there are other things that the inspector will look for, but these are the largest areas of concern with any home purchase. Also, keep in mind that your home inspector is a trained professional, skilled in seeking out problems that you wouldn’t’ know to look for — or even ask about. He or she is there to help you uncover potential problems you may have missed when checking out your new home.
At Reali, we offer honest and transparent real estate service, with experienced local agents, big savings, and zero pressure. Whether you’re in the market to buy a home or sell your home we are here to help in your real estate search or helping to sell your house. Of course, the traditional way of buying or selling a home isn’t wrong, but we think we’re way more right.