Home Inspection
A home inspection is a professional examination of a property's physical condition, conducted by a licensed inspector before purchase. Inspectors evaluate the structure, roof, foundation, electrical, plumbing, HVAC, and other systems. The inspection report helps buyers identify problems, negotiate repairs, or decide whether to proceed with the purchase.
Home inspections typically cost $300–$600 for a standard single-family home and take 2–4 hours. The buyer usually attends and follows the inspector through the property. The resulting report — sometimes 50–100 pages — documents all findings from minor maintenance issues to major defects like failing foundations, outdated electrical panels, or roof damage requiring $15,000+ in repairs.
A home inspection is not the same as an appraisal. The inspector works for the buyer and assesses condition; the appraiser works for the lender and estimates value. You can use the inspection report to negotiate a price reduction, request seller repairs before closing, or walk away using your inspection contingency if problems are severe enough.
Specialty inspections may also be worth ordering: sewer scope ($150–$300) checks for tree root intrusion or pipe failures; radon testing ($150–$300) measures carcinogenic gas levels; lead and asbestos testing in pre-1978 homes ($200–$400). In many markets, buyers who waive inspections to win competitive bidding situations take on significant financial risk.
Key Takeaway
A home inspection is a professional examination of a property's physical condition, conducted by a licensed inspector before purchase. Inspectors evaluate the structure, roof, foundation, electrical, plumbing, HVAC, and other systems. The inspection report helps buyers identify problems, negotiate repairs, or decide whether to proceed with the purchase.
Related Terms
Frequently Asked Questions
Lenders don't require it, but it's strongly recommended. Skipping an inspection can leave you responsible for expensive undisclosed problems after purchase.
Structural elements, roof, foundation, electrical, plumbing, HVAC, windows, and insulation. It typically does not include sewer lines, radon, mold, or pests — those require separate specialized inspections.
If you have an inspection contingency in your contract, yes — you can exit and receive your earnest money back. Without a contingency, backing out risks forfeiting your deposit.
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