![]() I am able to get slightly lower rates because I am a Realtor and there is a chance I might send business to inspectors. On my personal house which is close to 6,000 square feet, the inspection was $600 and the inspector did not even get a chance to look at everything in the home (after 5 hours). Different inspectors have different rates as well.įor a rental property, I would buy that is about 2,000 square feet total I can get an inspection done for about $300. Costs vary depending on the region of the country you are in and living costs. Smaller houses are cheaper to inspect and larger houses are more expensive. The cost of a home inspection can vary greatly. I also made a video on this subject below: The buyers are usually responsible for ordering and paying for the home inspection and it gives them a chance to ensure the house is in satisfactory condition before they buy the home. In some cases, houses that are in really bad shape may not have the electric or gas turned on if it is not safe to do so. If the pipes on a HUD home do not hold pressure when HUD inspects a house, the buyer will not be allowed to turn on the water for inspections or appraisals (will discuss HUD rules later in the article). In some cases like with HUD homes or some REO sellers, the utilities cannot all be turned on. Buyers are given a specific amount of time to either inspect the house themselves, have a friend inspect it, a contractor or a professional home inspector check out the home.īuyers should be allowed to check out everything in a home including the major systems, utilities, and minor cosmetic issues. In most states, it is typical for the inspection to occur right after the home goes under contract. When buying a home, most buyers are given a chance to get an inspection done on the house before they buy the home. How does a home inspection work when buying a house? I have not asked for a home inspection for over a year on my own investments. There are a few cases when a home inspection is not needed and some cases when not getting a home inspection will actually give you a better chance at getting a great deal on a house. In my opinion, 95 percent of house buyers should always get a home inspection. Most people complete some type of inspection when purchasing a home, but is a home inspection always necessary? I have been a Realtor since 2001 and I am also a real estate investor. When buying a house, buyers are given a certain amount of time to complete a home inspection.
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