First, congratulations on having your offer accepted by the seller. This is a happy time and one that could also be a little stressful. I mean, this is probably one of, if not the largest investments you will ever make. What’s next?
Let’s discuss the cost of an inspection. One of the ways to help alleviate some stress with your purchase is to have a home inspection. This could be part of a contingency in your offer or just peace of mind.
Home inspection prices can vary from location to location, property to property, and from inspector to inspector but it can generally run $300-600 on average. Other services can also add to the cost, such as radon and water testing. When compared to the cost of a home, an inspection is 0.2%. Average home prices here in NH is around $320,000.
The upside to an inspection is the potential cost savings on home repairs. If an inspector finds a problem or problems with the home, the repair costs could be in the thousands of dollars. For example, the average roof replacement cost is around $7000. The inspection report in this regard can be a very helpful tool in possible negotiations with the seller to address defects found in the home.
Although the cost of an inspection is small, the benefit could be more than just peace of mind. The inspection cost could truly be viewed as an investment into the well-being of your home.