The Cost of Home Inspection

Are you considering the purchase of a house that’s caught your attention? It’s a great idea to have the property inspected before diving in.

Buyers often forego an inspection, but it’s an essential step when purchasing a home. Check out our article Pre-Purchase Inspections: What You Should Know to learn why this step is so important.

What does a building inspector do?

Now that you’re convinced of the importance of getting an inspection done before buying a property, you might be wondering what, exactly, a building inspector does. Simply put, they inspect various aspects of the property. A professional inspection includes a thorough check of property elements, such as:

Ventilation
Plumbing
Electricity
Building structure
Exterior cladding
Heating system
Roof

The inspector will then provide a detailed inspection report to help you decide whether to purchase the home.

Buying a home for the first time is a momentous occasion, but it can also be quite stressful. To help guide you when the time comes, check out our article 5 tips for buying your first property.

Report and recommendations

After the inspection, you will receive an inspection report that includes certain recommendations. A certified inspector does not provide advice as to whether you should purchase a property. They can offer suggestions, such as replacing windows. They may also recommend certain upgrades. A building inspector’s expertise and duty lies in assessment and recommendation.
Buying property can seem complicated. To help you prepare, read our article A pre-approved mortgage is the first step in buying a home.

How much does a home inspection cost?

The big question. If you’re thinking of buying a home, before you close the deal, how much would a pre-purchase inspection cost? 

For a house, an inspection costs between $400 and $600 plus applicable taxes, depending on the type of property. Inspection fees for condos tend to be slightly lower, while plex inspections tend to cost more. 

Are you considering the purchase of a house that’s caught your attention? It’s a great idea to have the property inspected before diving in. 
Tempted to hire an inspector who charges less? We strongly advise against it. It’s a bad idea to work with someone uncertified or uninsured who falsely claims to be an inspector. Get the facts before you do business with an unqualified inspector.

A good credit score counts for a lot when it comes to buying a home. Read more in the article Buying a property: The importance of a good credit score.

Source: Centris 2022