Would you purchase a car or any vehicle without a test drive first? Would you bring home a sound system before hearing how it blares? Then why would you blindly purchase a property without professional inspection?! Property is a heavy investment. If you are investing in one, the best added expense you could incur is — a home inspection. If it doesn’t happen at the onset, later you may have to face nasty surprises, which in turn may drain a lot of moolah from your pocket. Naturally, it is always safe to have a comprehensive home inspection before you finalize a decision of buying a new home, or any other kind of property.
Could you possibly examine under the house to detect water issues or mould? If you saw a crack developing in the basement, could you decide whether it is something major, or nothing at all? Home inspectors analyse and look into every inch of the house precisely. From the basement to the tiles of the roof and the bathroom of the house, and more. The Home inspection cost from TM inspections depends on the efforts and time taken for the inspection. What makes it worth? The fact that you come to know for sure that the home you are going to purchase is a good investment.
Why should I pay so much for an inspection?
A professional home inspection reveals the defects unknown by the buyer, and saves from spending huge money later for repairing the inevitable and unavoidable faults. In some cases, even the seller may not be aware of the defects of the house. Sellers may not know of roof defects, foundation issues, etc. When you are purchasing a house, you have zero ideas of its true condition. The home may look beautiful from the outside, but there are many integral factors you need to consider while you are buying — such as — roofing, plumbing, flooring, foundation, structural integrity etc. A home inspection is like the detailed blueprint of the existing condition of the property.
1. Turns Relatively inexpensive for you in the long run – A professional home inspection may cost you about $300-500 – which may make you feel jittery, but it can save you from bigger disasters in the long run. The cost of inspection purely depends on the area of the house, size, and components such as HVAC (Heating, Ventilation, and Air Conditioning), electrical, plumbing, roofing, and foundation. If you are a first-time home buyer, you are most likely making the biggest financial decision of your life so far. Why allow any loopholes to creep in?
2. The cost of home inspection can be customised as per your need – A house is more than a financial investment – it is an emotional process, an asset of a lifetime, an environment for your family to bloom, an inheritance for your future generation. So, there is no question about leaving any chance factor while deciding on a property. However, if you are absolutely sure about certain facets of the property you have in mind, or if your builder or seller is providing a certified report alongside, you may pick and choose the nuances you want inspected during the home inspection. This customisation leads to tailormade pricing too.
The inspection cost may vary according to the following –
- age of the home
- condition of the home
- square footage
- selling price
Many other factors also come to play. All the home inspectors don’t follow the same criteria to determine their fee. The overall cost may vary if you add additional specialized services like termite inspection, septic system inspection, mould testing, sewer inspection, chimney inspection, radon test, pool inspection, and inspection of any additional buildings (like, outhouse, detached garage, granny flats, etc). Depending on your needs, your investment on home inspection may vary.
3. The Inspection report – a boon in more ways than one: A property inspection report is the greatest way to prevent you from getting involved in expensive structural repairs, foundation issues, etc. A proper building inspection report summarizes problematic sites, so that you don’t end up in deep soup later. The report captures concerns like foundation issues, cracks in the basement, dampness, roof leakage, wall movement, and much more. For a comprehensive report, please ensure the inspection is done by a licensed professional, company/organization. You should also be present during the inspection. Once the inspection is complete, review the inspection report thoroughly
When you are spending thousands and thousands of dollars on buying a property, a professional home inspection is just a fraction of that investment for you to pay to make sure that you will be living in a house that won’t fall apart in a couple of months, or surprise you with lots of defects to repair and renovate after you move in.