To start, what is the home inspection? You are entering into the biggest transaction of your life. Once all of the documentation is signed, you will be unable to back out of this transaction. With that said, you want to ensure the property you are investing into has been properly examined to address any repairs and other physical issues. Why? So you can either negotiate with the seller on adjusting the price, or becoming comfortable with the new cost of additional repairs plus the dollar value along with the principal amount of the home.
You can certainly perform the home inspection yourself but we do not recommend that. Typically, you can spend anywhere between $225 – $475 for the entire inspection. The Rozhik Law Firm knows the right home inspectors to check for asbestos and other hazardous materials, faulty electrical structuring within the electrical panel of the home, if the roofing and plumbing follow the proper building code requirements, as well as several other key items that may pose to be dangerous and problematic that is only revealed during a detailed home inspection. Whether you are purchasing a newly built property or a home that is decades old, this step is crucial in ensuring you and your family are living in a safe environment.