Jul 21, 2017
Buying a house is a costly process and it can be easy to want to find ways to cut back on outlays.
However, experts advise that one of those ways shouldn’t be dumping your home inspection. Home inspections may sometimes seem like a pricey formality, yet another check to sign in a seemingly endless series of expenses.
But the truth is that home inspectors actually charge very little in comparison to the sorts of problems they might be able to turn up. According to a May article on Curbed.com, the average inspection costs between $350 and $385 but that could seem negligible if serious issues are uncovered. Roofing repairs, foundation problems, HVAC, plumbing, electrical or siding issues can all easily run to five figures and it is best to know about them before signing on the dotted line.
A few other tips on home inspections from Curbed:
• Don’t skip the extras. Yes, it may cost a bit more to test for radon or get a termite inspection but the safety of your family and the security of protecting your wallet from big expenses can make the price tag well worth it.
• Get the right company for the job. Don’t assume that the first person you find in the phone book is the best. Different states have different licensing requirements and some may not have any at all. Make sure your choice has accreditation from a larger group such as the American Society of Home Inspectors or the International Association of Certified Home Inspectors.
• Accreditation isn’t the only thing to look for. Be sure to inquire about an inspector’s education, training and experience. According to Curbed, a full-time inspector should probably be examining at least 250 homes a year. Insurance is another issue. If a problem is missed, does your inspector have proper coverage?
• Don’t bank on age. You might think that a new home doesn’t need a good once-over but the reality is that problems could be baked into the construction. A recently-completed residence could have just as many pitfalls as an elderly one. Don’t assume that new means problem-free.