Whether you’re in the midst of the home buying process, selling your existing home, simply preparing for the future, Truehold has compiled this guide to home inspections and repairs. On the other hand, if a thorough inspection reveals that the seller replaced the home’s roof in the last year, the asking price gets that much firmer - assuming there are no red flags elsewhere on the home inspection report.
A potential buyer may be able to negotiate the asking price down a few thousand dollars, or negotiate a new water heater into the deal. Let’s say a professional inspection uncovers a faulty water heater. Considering that some of these inspections are only done every time a home is sold, or every decade in the case of the most proactive homeowners, the average cost of repairs after home inspection by a certified home inspector can be through the roof.īecause these repairs can be so substantial, they make for a powerful bargaining chip for both sellers and buyers. Home inspections are an extremely valuable tool for home buyers to know exactly what their dollar is getting them, but also for sellers to know what their home is (or isn’t worth) and for what reasons. Inspections, tire-kicking, and taking other precautionary measures might seem like overkill, but they’re all part of being a smart shopper - and are more than necessary when you’re preparing to take out a home loan to finance your purchase.
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