While you’re in the process of buying your dream home, make sure not to skimp on a home inspection. A home inspection is one of the most crucial steps involved in the home buying process, as it saves you from any surprises arising from the existing faults once you settle in. A home inspection requires a licensed inspection officer to conduct an inspection of the property and point out the defects, whether structural, electrical, or mechanical.
Apart from the implications of a home inspection, one of the most important questions which need to be addressed is who pays for the home inspection. Although most people are aware of the importance of home inspection, not everyone is aware of who pays for it. Read on to know.
Who hires and pays to the home inspector?
Generally, the home buyer pays for the home inspection once the seller accepts their offer and puts it to escrow. An overall cost ranging between $300-$500 is involved for home inspection, which can vary based on the size and location of the property.
Once the home inspection is successfully conducted, the home inspector will present a report and let the buyer know if anything is wrong with the house. After analysing the report carefully, the buyer can either re-negotiate their offer with the seller, request repairs, or even walk out of the deal completely.
However, there are times when you can also ask the seller to undertake the cost of home inspection, considering the fact that you are buying a property and both parties are open to negotiating terms.
Why do you need a home inspection?
While a home inspection is not something required by law, it is considered an additional cost by most sellers they would rather not undertake. However, skipping this step is not a wise decision for any buyer at all. Being familiar with the condition of your potential home is important, as you’ll be saved from spending thousands of dollars on future repairs.
What does a home inspection involve?
Both the interior and exterior of the property you are planning to buy are covered in a home inspection. On the outside, home inspectors look for cracks in the construction, sagging and bowing or window alignment. As far as the interiors are concerned, almost everything is taken care of, ranging from all electrical appliances, plumbing systems, HVAC to safety components, etc.
Get in touch with Alpha Building Inspections to order a thorough inspection for your property.