A home inspection costs $300 to $500 on average, depending on the property's size and age, location, services rendered, and if there are freestanding structures. Specialty inspections cost $100 to $300 more for testing things such as mold, asbestos, radon, lead, or termites.
The home buyer typically pays for the cost of a private home inspection. The buyer should hire a real estate inspector as soon as the seller accepts the offer. After the inspection, buyers may accept the house "as is," ask the seller to pay for repairs, renegotiate, or back out of the sale and forfeit the earnest money.
Certified home inspectors check the roof, foundation, ceilings, windows, attic, crawl space, fireplace, doors, decks and porches. House inspectors also cover the plumbing, heating, electrical, and air conditioning systems. Building inspectors only look at what is visible and accessible.
Some home inspectors offer specialty testing for mold and asbestos for an extra $100 to $300 on average.
Home inspectors are not allowed to check for code violations, permits, determine the house's insurability or value, move furniture or appliances, condemn the property, issue a certificate of occupancy, or survey the properties boundary lines. Inspections also do not include fire and smoke detectors, hot tubs and swimming pools, alarm systems, and sprinkler systems.
A home inspection takes 2 to 3 hours on average, depending on the house's size and age and if there are freestanding structures included. Property inspectors provide their final inspection report within 24 hours after inspecting.
Yes, buyers should always get a home inspection on a new construction home. New homes are not always built to code and can have problems. Some buyers also get an early pre-drywall inspection to ensure the beams, posts, studs, insulation, and home systems are installed correctly.
Hiring a home inspector recommended by your realtor may pose a conflict of interest. The inspector(s) may have a vested interest in helping the realtor close the sale, so they remain on the agent’s list of recommended inspectors.
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