![]() Adding specialty inspections will increase the cost. Larger homes and older homes will take longer to inspect, so those inspections will cost more compared to smaller or newer homes. How Much Does a Home Inspection Cost?Įxpect to spend a few hundred dollars on a home inspection. Rather, they’ll focus on things like how much life the shingles have left and whether the peeling exterior paint could be a source of water intrusion. Home inspectors won’t suggest whether a home is worth the asking price or whether the green shingles go with the yellow paint. Ideally, the second inspector won’t find any surprises and the sale will stay on track.Ī home inspection is not a home appraisal, and it doesn’t consider aesthetic or cosmetic issues. The buyer may still hire their own inspector. The goal is to proactively find any issues with the home and then make repairs, or disclose the problems and reduce the price. ![]() Home sellers sometimes purchase a home inspection before listing their property for sale. ![]() If the problems are serious enough, the buyer may decide to cancel the purchase. The buyer will make the offer contingent on the inspection results and ask the seller to make repairs or reduce the contract price if the home inspector finds significant problems. Homebuyers often order a home inspection once they’ve gone under contract with a seller. Its purpose is to identify problems that may impact the home’s value or an occupant’s safety. ![]() Some things they may recommend might be:Įnsuring there are electrical receptacles in every room and that each receptacle functions,Įliminating pull-chain lights in areas other than the basement or attic.A home inspection is a professional assessment of your home’s systems and structure. Maintenance: We often suggest repairing minor things like leaky faucets, missing door handles and trim.įHA and VA Inspection Items: If your borrower is applying for either an FHA or VA loan, we strongly recommend to ask your appraiser if there are extra things that should be done before they come. Housekeeping: Appraisers see hundreds of homes a year and are no strangers to clutter, but they're humanīeings too! A good impact can translate into a higher value for your home. You should make sure that all areas of the home are accessible, especially the attic and crawl space. ![]() Once your appraiser has arrived, you do not need to escort him or her along on the entire site inspection,īut it's helpful be present to answer inquiries about your property and identify any home improvements.Īccessibility: Appraisers are very detailed in their inspections. Locate copies of the current listing agreement, broker's data sheet and, in the event of a pending sale.Īny "Homeowners Associations" agreements or, if applicable, condo agreements or fees.Ī list of "proposed" improvements if the property is to be appraised "as complete". Most recent real estate tax bill and or legal description of the property.Īny inspection reports, or other recent reports for termites, EIFS (synthetic stucco) wall systems, septic systems and your well.Ī list of any major home improvements and enhancements, the date of their installation and their cost (for example, the addition of insulation or roof repairs) and permit confirmation (if available). Written property agreements, such as a maintenance agreement for a shared driveway.Ī list of any personal property that is part of the home and you intend to be sold with the home, such as an oven, or a washer and dryer.Īny documents, such as a title policy with information on encroachments or easements encroachments or easements. To speed the appraisal process along as quickly as possible we generally recommend to have these documents, if available, ready for the appraiser:Ī survey or plot map of the property and building (if readily available).Īny information on the purchase of the property for the last three years. Just give us a call at 3193217912 if you have any questions about the appraisal process. Fuhrmeister Appraisal 's appraisal checklistĭid you know the borrower is entitled to receive a copy of the finished appraisal report from the lender? ![]()
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