A home inspection is a crucial step toward purchasing a new home. It reveals the condition of the home’s most important parts, such as the foundation and roof. Even if you intend to buy a “fixer-upper,” it’s a good idea to go into it knowing exactly what you’ll need to fix up.
Typically, a home inspector will spend several hours at the home, taking notes while squeezing into crawl spaces and climbing onto the roof. The inspector will then write up a detailed report. You can review this report and determine how to move forward. You can accept home’s condition, negotiate with the seller to cover the cost of needed repairs, or even decide not to purchase it.
Here are some of the important things to review from the home inspector’s report, along with their national average costs as of 2020. Because prices can vary by geography, be sure to research costs in your area before you formulate your budget for any home repairs.