Hiring a home inspector is a smart move prior to purchasing a home. This MSN Real Estate article puts in perspective some of the most common issues that come up and what you can expect in terms of cost to repair the items.
So you’ve decided to put an older home on the market or invest in one that looks like it needs some work — what now? Before buying or selling a home, it’s important to be aware of problems with a home and subsequent repair costs. That’s why people pay for home inspections, which cost approximately $300 to $370 on average.
What is included in a home inspector’s report? According to the American Society of Home Inspectors (ASHI), the “standard home inspector’s report will cover the condition of the home’s heating system; central air-conditioning system (temperature permitting); interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components.”
Here are some immediate fixes to consider and secondary repairs that shouldn’t deter homeowners from selling or buying a home.
Fixes that shouldn’t be ignored
If the home inspector reveals problems in areas like your roof, ceilings and foundation, these repairs should be completed immediately to avoid future problems and dangers. Here is a breakdown of typical repairs and costs:
Repairs to do over time
Because home-inspection reports are so extensive, they might reveal smaller problems like the air conditioning not working correctly, leaks in the window or door and cracks in the flooring. While these are issues that need to be addressed at some point, they are not as important or dangerous as the problems mentioned above.
If you decide to go through with these less urgent repairs, here’s what you can expect to pay for each:
What if a house fails a home inspection?
It’s actually impossible for a home to fail a home inspection, according to the ASHI. Rather the home inspection is merely the examination of the house, much like a doctor examines a patient. It bears no relevance to the actual value of the home or its compliance to city standard building codes. The main purpose of the inspection is to illustrate the overall health of the home and what repairs are needed.
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