Plus it helps protect your investment. Home inspections are serious business and conducting one should be done using meticulous detail. Some buyers may consider doing it by themselves to save money, which is not a good idea. Home inspectors are trained people and have the license to do the work.
Keep in mind that inspector fees are not regulated by any law, and the U. With that being said, you can expect that an experienced or more qualified inspector is likely to charge you more than someone with less experience.
The exact amount of the home inspection fee will vary based on certain factors such as expertise and qualification of the home inspector, area of the apartment, age of the home, location of the building, and additional services. Keep in mind, however, termites and asbestos are not included in standard home inspections.
You will have to pay the inspector an extra fee to include these services. You can customize your service package to suit your needs, including adding special services. Skip to content. Past Newsletters Menu. How much does a home inspection cost? By: Spectora January 14, Buying a home is a time of heightened emotion. So what is the average cost? Sharing is Caring. Share on facebook Facebook. Share on twitter Twitter. Share on linkedin LinkedIn.
Join Free. But how quickly they perform the inspection will depend upon their availability and how hot the real estate market is in your area. In hot markets, inspectors are busy, and it could take a few weeks. Your agent will also have to coordinate with the inspector to find a time for the inspector to walk through the property. A radon test takes two days, plus a few hours to get results. The inspector leaves the equipment in the home to measure radon levels in the air during that time.
A sewer scope can take less than an hour, and the results from an asbestos test can come back within a day. Timeframes for specialized tests could depend upon a lab analysis and their turnaround time. You do, as the buyer! However, in certain cases, a seller might have a home inspection done proactively. It will help you make a fair offer on the house. What does this mean? Orr has seen instances where someone had a home inspection done and then decided not to purchase the house for unrelated reasons.
But they had a friend they thought might be interested, so they sold them their home inspection at a discounted price. In this instance, there was no way to hold the home inspector accountable because the person who bought the house used a resold inspection report.
In general, according to the American Society of Home Inspectors, a complete home inspection report should cover these areas:. These can include soil and geological conditions, Harris says. A structural engineer or foundation specialist might be recommended to further assess a foundation problem, for example. The specialist can provide quotes and recommendations on how to fix the issue.
A roofing specialist might provide a free quote, hoping to get the work. The best way to discern whether an inspector is charging you a fair price is to see what other inspectors in your area are charging for homes like the one you want to buy. You may be able to shop online — some inspectors publish their fees on their websites. You can also ask to see a sample report to get an idea of how thorough each inspector is. The answers you get from asking around will give you a range to determine what you should pay.
In the end, the money you spend on a home inspection can save you a lot, whether you use the information to negotiate repairs or concessions from the seller or avoid a bad deal altogether. How We Make Money. Jeanne Lee. Written by.
Jeanne Lee writes about mortgages, personal finance and enjoys finding ways for people to hack their finances.
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