Archive for the ‘Buying a Home’ Category
A standard pre-purchase property inspection covers a home’s major mechanical systems: Electrical, plumbing, heating and cooling and its construction from roof to foundation, exterior to interior.
These inspections usually do not cover soil, pools, wells, septic systems, building code violations or environmental hazards such as lead or radon.
The inspection contingency in your purchase contract will usually allow you up to two weeks to conduct an overall inspection plus any specialized inspections you (or your lender) require.
The cost of an inspection can range from one hundred to several hundred dollars. Specialized inspections usually involve an expert and can cost more.
Remember, repairs or remedies are negotiable; they also can derail a deal. It’s a good idea to meet the inspector immediately after the inspection is completed so they can explain what they inspected and what they found. Ask your inspector if you should have a specialist to further inspect any items.