How Much Does A Home Inspection Report Cost?

Have you found your dream house with MCC income limits Texas and you’re planning on hiring a home inspector? Now, you’re probably wondering how much you’ll need to shell out for this. The Department of Housing and Urban Development estimates that the general cost for a home inspection is at around $300 to $500. However, this is just but a rough estimation. There’s still the size, location, age, configuration and competence of the home inspector to consider.

All of these, when taken into consideration, will account for your total home inspection cost.

Licensing

Not all home inspectors are licensed. This can affect the cost of your home inspection. A lot of people are shocked to learn that as much as 50% of the country doesn’t require home inspectors to be licensed. Why is that? There are no specific licensing requirements. Take for example the California Trade Licensing Act of 1996  allows some states to prevent a home inspector from repairing the house he or she inspected within the past year. However, this law may not extend to the pest inspectors.

Inspector Experience

Finding an inspector with years of experience is worth all the additional cost. This can mean a whole difference to you as the homeowner. A lot of inspectors have a background from the construction business, and then they learn the job. Now, imagine the competence of inspector who has thousands upon thousands of home inspections.

Aside from that, a lot of professional home inspectors have established qualifications for the educational requirements and membership of a trade association. An expert home inspector may cost you more than $1,000.

Square Footage

A lot of professional home inspectors will charge around $400 to $450 for a 2,000 square-foot single-family home. On the other hand, a smaller condo may cost you $300 to $350. There are also home inspectors who will charge you additional costs for crawling under your home. This fee may cost you around $50 to $100 or more.

Paying the Home Inspection

Before the 1990s, a lot of home buyers don’t get home inspections. They rely on the seller disclosures for the information on the pre-existing condition of the house. A home inspection was merely seen as an additional expense and considered to be a luxury. However, a home buyer in today’s world is always recommended and advised to get a home inspection. Most often, a real estate agent will push you to obtain one.

Why? It’s so that they will not get sued for any defects or non-disclosures.

Depending on the home inspection type that you need, you will usually spend around $500 to $1,000 for a home inspection. And this is non-refundable money. If there are severed defects, a home buyer has the rights to cancel the contract. So you have to prepare yourself that there’s a chance you will give up on the house you found. Well, that’s better than having to live with defects in the house and putting up with all of it for many years – worse, spending lots of money to fix it!

Frank Adam

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