Why You Need a Home Inspection and What to Expect
A home inspection is a crucial step in the home-buying process. It allows you to learn about the condition of the property before you purchase it and can help to identify potential problems that could be costly to fix. Getting a home inspection can also give you negotiating power when it comes to the purchase price. For example, if the inspection report reveals significant issues, you may be able to negotiate a lower price or ask the seller to make repairs.
A licensed inspector will examine the home's structure and systems, which typically takes 2-3 hours to complete, and the inspector will provide a written report detailing their findings. The inspection covers everything from the roof to the foundation, and it includes a thorough examination of the home's plumbing, electrical, and HVAC systems. The inspector will also look for any signs of pest infestation or water damage. A home inspection is not a pass/fail test, but rather a way for buyers and sellers to get an objective overview of the home's condition.
A home inspection is one of the first things completed after your offer is accepted, as this will provide enough time for additional inspections or allow for time to further negotiations with the seller if needed.
A home inspection typically costs between $300 and $500, depending on the size and age of the home. The inspection fees are usually paid by the buyer at the time of the inspection or are included in closing costs. However, in some cases, the seller may agree to pay for the inspection or split the cost with the buyer.
Ultimately, a home inspection can give you peace of mind and help you to avoid making a costly mistake.
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