When you get into a contract on a house you need to get it inspected before you closing.
While in some cases a home inspection is optional, it’s highly recommended by experts so you can be aware of the home’s condition and potential problems.
One of the most common pitfalls new home buyers experience are issues with the home they didn’t know about.
If you think you can save some money by not hiring a professional home inspector, think again. The average home inspection cost is between $300-$500 according to HUD, the price can be more or less depending on the square footage of the property.
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How Much does a Home Inspection Cost?
According to Angie’s List the average home inspection costs around $315. If you have a home with more than 2,000 sq feet the home inspection fee can be as much as $500+ depending on the size. Smaller Condos and town homes with less than 1,000 square feet could cost as little as $200.
This is a small price to pay for the peace of mind that a major problem isn’t waiting for you after closing.
Home Inspection Checklist
Home inspectors will not check all of the same issues. There is not a universal home inspection checklist that every home inspector uses. Make sure that your report at least includes the following.
Foundation – Make sure there are no obvious cracks in the foundation by looking around the walls and ceilings. Do the same to the exterior of the home looking for cracked bricks and trees planted to close to the home.
Drainage – Check the gutters and ensure water will flow away from the foundation.
Roof – Do the singles need to be replace? Asphalt shingles has a lifespan of 15-40 years.
Exterior – Go over the entire exterior of the home. Are there any broken fixtures, does it need repainting, is there rotting wood or exposed wiring
Interior – Check the walls, ceilings, doors and baseboards. Is everything in acceptable order for you
Electrical– Test the outlets to make sure they work, do the same with the lights.
Water sprinklers – If the home has water sprinklers installed, run the system to make sure all zones are functioning correctly.
Air conditioning and heater – Check the air condition and heating systems to make sure they are working properly and need no repairs.
Appliances – Do all the appliances work, feel free to test the microwave, dishwasher, oven and stove.
Odor – If the home smells, people just assume it was the previous owners, not the smell of the house itself. Make sure all areas of the home are dry and nothing is leaking. Wet areas can cause musty smells.
Termite Inspection – Check interior attic and exterior of the home for termites and existing termite treatment systems currently installed and other insect inspection.
Mold Inspection – Check the home for mold.
Home Inspection Report
A home inspector will give you a written report of their findings on the home condition, including the inspection checklist.
The report should be very detailed, a professional home inspector will take pictures as well. If your home inspector does not give you a report, you should demand it. A home inspection company is required by law to give you a copy of their report.
Consider the problems that were found and decide if you want to ask the seller to repair certain items before closing. If some of the issues with the house are not a major issue for you, or is something you can fix yourself. You can use the home inspection report to help you negotiate the cost of the home down with the seller.
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