What is a Home Inspection?
A home inspection is a visual assessment of the overall condition of a home. From the roof and chimney on the outside, to the furnace and plumbing on the inside, a home inspector looks at all the major components of a home to ensure they are in working order. The main objective of a home inspection is to protect your interests, as the buyer. After you decide that you want to make an offer on a home, a home inspector will be able to go through it and list any defects, unsafe conditions and major repairs that could be deal breakers.
For this reason, it’s highly recommended that you attend your home inspection. Although you’ll receive a written report on the condition of the property afterward, being there in person is an invaluable experience. By doing a walkthrough with your home inspector, you can physically see any major issues or concerns for yourself. This also gives you the opportunity to ask any questions you may have. Although most home inspectors won’t tell you whether you should buy a home or not, you can ask them how your home stacks up against similar houses, to give you a better picture of the condition of your home.
How Much Do Home Inspections Cost?
The average cost of a standard home inspection is approximately $500, although you could pay more or less depending on the size, construction date and location. Ignoring a home inspection to save money is not recommended, as it’s a case of “penny wise, pound foolish” – although you may save money in the short-term, you could pay a lot more down the line, especially if you discover costly upgrades and repairs that an inspection would have uncovered.