The biggest question you may ask during your home buying or selling process is “do I need a home inspection?”. Let’s unpack this. Here’s why you may want to consider a home inspection:
What is a home inspection, really?
A home inspection gives you important information on your next dream home or the home you’re hoping to list. A home inspection is simply a visual inspection of the home including:
- Structural Components
- Electrical Systems
- Heating and Central Air Systems
During this visual inspection, the home inspector will review these areas to find any unsafe or noteworthy issues. If an issue is found, the home inspector will note it and include an explanation and any recommended next steps or further evaluations. You may attend the inspection in person to get more information, please just allow the inspector space and time to review the property properly.
Who should invest in the inspection?
You may not want to put the additional money towards an inspection, but it could save you thousands in the long run for both buyers and sellers!
Sellers are now investing in inspections before listing their home in order to value it accurately or make any repairs without the inflated repair costs one might face when already negotiating with a buyer.
A home inspection may also give sellers:
- No surprises at signing
- Peace of mind when listing
- Faster closing timeline
Buyers can easily fall head over heels for a home, but getting an inspection allows you to get a more realistic look at your new potential home and whether it is worth the money you’re investing into it.
A home inspection may also give buyers:
- Negotiation power
- Safety assurance
- Know what your future home may need
What can you expect from a home inspection?
Costs can vary based on the size of the home being inspected. On average for a home with a total floor space area of 2,000 square feet, you can expect to pay $300 and $450 for a reputable and solid home inspection. Houses larger can easily cost more based on the service provider performing the inspection.
Time can also be a concern for some who are unsure of getting an inspection. On average, varying based on the size of the home, you can expect the on-property inspection to take 2-3 hours. The written explanation of the premises can be received usually a week to even just a few days depending on the inspector and issues found.
Issues found during inspection would be a reason for anyone to feel concerned. If your home inspection reveals noteworthy issues, it doesn’t need to be the end. Most issues found have common solutions that can be resolved and even brought into negotiation if needed.
It can be overwhelming for any home buyer or seller, be sure to ask questions and get more information to help support your journey. The more you know the better, you can even ask your realtor for any further advice you might need when it comes to getting a home inspection.