Sep 20, 2009

Home Inspections 101

For any home a buyer is considering buying, it is strongly recommended that they get the home thoroughly inspected. This a cost to the buyer and is paid out of their pocket when the service is completed. Home inspections typically take place within a week of going under contract.

General Home Inspection Is a visual inspection of the home and its major components to identify unsafe conditions and items that are not functioning properly. The home inspector will provide buyer a written report of findings and recommendations for any repairs. Paid to a home inspector once the home is under contract. Cost is typically $200 to $300.

Termite Inspection Is a visual inspection of the home to identify the presence of wood destroying organisms (WDO) and conditions that could lead to future infestation. The termite inspector will provide buyer a written report of findings and recommendations for any repairs. Form NPCA-33 (a “termite letter”) is required by buyer’s lender. Paid to a termite inspector once the home is under contract. Cost is typically $100 to $150.

Mold Inspection Is a visual inspection of the home to identify the presence of mold. The presence of mold in a home is a known health concern. Paid to a mold inspector once the home is under contract. Cost is typically $125 to $175.

Some service providers can provide a “package deal” to provide all three inspections – home, termite and mold – for one flat fee. Cost is typically $300 to $400.

No comments: