Home inspections are a way to “vet” a home before you buy. Buying a home is a large investment. The home inspection helps to give you an understanding of the home’s current state and future required repairs.
Pricing of a home inspection depends on the size of the home you’re looking to purchase and any “add-ons” to the inspection such as septic, well, radon, termites, etc. Most home inspections will look for any structural issues, roof, HVAC, plumbing, and electrical issues.
Some lenders may not require a home inspection to purchase a home but most Realtors will recommend one. Why? Your agent wants you to have the most knowledge available in purchasing. Most purchase agreements include home inspection contingencies which allow a buyer to terminate the agreement if a home inspection does not meet the buyer’s standards. Buyers can also attempt to renegotiate price following a home inspection or request repairs be made.