So let’s talk about the value of a home inspection when purchasing a property.
Buying a home is probably the single largest investment you’ll ever make and you want to make sure you get the absolute best value for your money. That’s why more and more buyers today are opting for a professional home inspection. Prospective home buyers, especially first time home buyers with less experience than a repeat buyer may not always be able to anticipate potential problems down the line. This is where a professional home inspector can help.
A qualified professional home inspector takes a very close look at the structural, electrical, mechanical, plumbing, heating and cooling system and then prepares a detailed written report for the prospective buyer on what repair and maintenance work is required now and may likely arise down the road. The inspector can also estimate how much the work might cost so the prospective buyer can make an informed decision about the property.
Although the cost of a home inspection can run you from #300.00-$500.00 for a single family home, depending on the complexity of the inspection, it’s well worth it. I can save you thousands down the road. It’s a small price to pay for peace of mind and it can also provide the buyer agent with negotiating power if you still decide to proceed with the purchase.
Who pays for the inspection? Typically the prospective buyer pays for the full cost of the inspection. When it comes to making an offer to purchase an older home, I highly recommend to all my buyers to have a home inspection either as a condition in the offer or before the offer is made.
For rural properties I always recommend well and septic inspection as well, if applicable. It’s better to be safe up front, than sorry later!