The real estate sector witnessed the sale of 6 million homes in the United States in 2018. The majority of homeowners know that selling or buying a home is not an easy task. In the process, one needs to remember not to overlook the importance of getting a home inspection for any shortcomings.
If you are hearing about home inspection services for the first time, we will help you know everything there is to know including how much it would cost.
Who Pays to the Home Inspection Services?
It is hard to believe that at one time, the homeowners did not hire home inspectors to get their house checked for any shortcomings. Presently, home inspection services perform a complete check of the external and internal condition of the house before closing on a property.
- Buy Real Estate Property
The buyer of a property pays the home inspection professionals; once the seller has accepted the offer, the inspection begins. An advantage of having a home inspection professional is that it would provide the homeowner with a complete report of any pending repairs and damage within the house.
How Much Does a Home Inspection Cost?
The cost of a home inspection services depends on many factors including the size of the home, home inspector’s experience, the present condition of the real estate market, and location of the property. We recommend that one checks the laws of their state regarding home inspection as some states do not require a home inspector to carry a license.
Home inspectors with a vast experience would charge more for their services. Hence, one needs to make sure that they know home inspection before hiring their services.
What Does the Home Inspection Include?
Typically, the home inspection session takes around 2 to 3 hours for completion. It depends on the size and square foot of the home. Once the inspection completes, it would take the home inspector some time to give the seller a detailed report.
Although each property inspections professional has a different style of working, they would provide the seller and buyer with a report on:
Interior and Exterior
What are the Potential Costs for the Seller of the House?
- Home Services
Although the buyer of the property would pay for the home inspection, the seller is equally responsible for some of the cost after they get the report. In some instances, the buyer can also ask the seller to repair some of the issues with the house before finalizing the deal. Given below is the cost of improving the different systems inside the home; it is an estimated cost.
In case, the home inspection service comes up with water damage; it is terrible news for the seller without a doubt. The water damage is one of the leading causes of a buyer walking away from the deal. Hence, water damage can cost as much as $2,500 for total repair.
If the home inspector finds water damage, there is a high chance that mold will also be there. Once exposed to water, mildew and mold appear within 24 to 48 hours, and continue to grow. The seller of the property needs to pay the cost of removing the mold before closing the deal.
When it comes to finding the cause of the water damage and mold, a damaged plumbing system is the culprit. The home inspector would point out these issues to ensure the buyer is aware of the loss.
It is then either in the hands of the seller to negotiate with the buyer or get the damage repaired. With the right home inspectors, the issue can be resolved with professionalism.
4. Electrical Systems
Every home needs to have an electrical system working in optimal shape. Any faulty or obsolete electrical system is the leading cause of electrical fires. Hence, it is essential that the seller fix these issues. Although the seller is responsible for taking care of significant repairs during the inspection, there are some limits. However, specific maintenance including knobs, railings, cosmetic flaws, landscaping, light bulbs, light switches, and repairs under $100 not to be done by the seller.
Thus, when you are searching for a reputed home inspection services; make sure that you keep in mind the points mentioned above.