Hopefully you trust your agent to get approximate costs or contractors to give you estimates. Let us know if you would like more information.
As an inspector, we provide you with an accurate picture of issues that need to be addressed, and can offer some guidance with cost, but your realtor is the best person to help you with how to negotiate the estimates we provide you with.
For this reason, I like to add cost estiamtes individually, per item identified. This allows me to personalize the estimates to account for things like additional materials, cases where either repairs or replacement may be an option and estimates fror each are helpful, and where complicating factors may exist . Of course, you also get the standard "guide" with per unit pricing.
I like to use several different sources to try to keep my estimates current - one guide based on national average (the way US Inspect's is), a network of several local contractors that I deal with regularly (for techinical answers, pricing, and advice on best practices to solve tough problems), and personal experience. Costs for both labor and materials have fluctuated significantly in recent years, so you are best off getting at least 3 estimates from contractors if you need a rock-solid number.
If you are just using it for negotiations or ballpark budgeting, these quotations should prove helpful. I am always seeking ways to tailor our inspections to each client, and meet their specific needs. Individual price estimates for each item called out for correction is a good way to do that.
Hope this helps,
Be very wary of inspectors that also want to be your contractor; unless they are someone you trust, there could be a conflict of interest.
It is best to get your inspection and then, while still in your inspection period, have contractors that specialize in their fields come out and give you estimates.
Best of luck to you,
As a home inspector I have worked in my area long enough to have a good feel for the local costs of most projects. According to ASHI standards we are not required to give estimates but most inspectors want to help. We do not give estimates as such , such as might be used in a settlement escrow for seller repairs, contractors should be used for this) but buyers need to know basic cost range to make an informed decisions, such as, is this crack repair going to cost a couple hundred or several thousand or about how much is the roof going to cost to replace. I like to provide these "estimates" so buyers can budget the purchase with repairs. I also proved ideas on what on expenses are going to likely come up the first three years of ownership for this budget.
As also an appraiser we can do valuations of the house before and after the renovations to better judge the return on the investments. I see many â€œinvestorsâ€ barely break even on flipping homes â€“ underestimating renovation costs and overestimating sales price â€“ good cost estimates are very important here.
1. Spent time as a contractor in the city where the home is located. Costs vary significantly across the nation!
2. Experience estimating projects very similar to the one that will be required to correct a deficiency noted in the inspection report. It does you no good if your home inspector has spent time as a licensed roofer and is offering cost estimates to correct a flooring issue.
3. Current knowledge about modern building methods and trends in your area.
You have Inspectors that actually go to Home Depot, Lowes and other home improvement stores to actually get the cost of the actual items for repairs. The estimate on the labor varies based on the person doing the repairs. It is always a good idea to go to the home improvement stores in your area to see how much the items you want to repair of replace actually cost then check around for the labor cost.
Get that home inspection before you close on a home
When it comes to things you need to do before buying a home, a professional home inspection tops the list. After you have signed a contract and it has been accepted by buyer and seller, you need to schedule a home inspection. Be sure that your contract indicates that the purchase is pending the results of a home inspection.
There are many home inspectors around. You can ask a friend, relative, or your Realtor for recommendations. Also search the Internet for local inspectors. The inspection should be completed by a certified or licensed home inspector. The cost is anywhere from $250 and up depending on the size of the home and the type of inspections performed. Also, plan to pay for this out of your own pocket up front as the buyer.
The purpose of the home inspection is to determine if the home has any potential or existing problems. It also gives you peace of mind knowing if there are any issues before you buy. You should be at the inspection with the inspector. The inspector can show and explain any problems that might be harder if you only received a written report. Most inspections take at least an hour and sometimes longer. In addition to seeing everything first hand with the inspector, you generally receive a written report with photos following the inspection.
What is typically included in an inspection? A home inspector will check the home structure, the water situation, as well as heating and electrical. You should also plan to get a separate termite and wood destroying organisms inspection from a pest control company. This is usually done for free and can be scheduled at the same time as the home inspection.
In Florida some other inspections that are offered are homeowner insurance inspections such as a 4 point insurance inspection, roofing certification inspection, and a wind mitigation inspection. These may have additional costs.
After the inspection is complete you can determine if you still want to go ahead with the purchase of the home. If there are problems that are too costly, then you can terminate the contract. An inspection can save you several thousands of dollars down the road, but again it also gives you peace of mind.
Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL - firstname.lastname@example.org
How are you? Thank you for your inquiry. I agree with Alice. I have been recommending U.S. Inspect to all of my previous buyers and they are all very pleased with the service and knowledge that were provided. I have used them in my own home purchase as well! They are very thorough and take many pictures to include in their reports. They also walk around and give you many recommendations on how to maintain and repair certain things as well.
I really like their analysis report of the home inspection because it breaks everything down into details with range of costs that are associated with each maintenance or repairs that are required. By doing so, it helps to provide my buyers with an idea as to how much are the total costs of repairs that they will incur if they buy the property of their choice or they could counter with an offer due to the Home Inspection Contingency.
My buyers and I are very pleased with their service that they provided. Here is their contact information if you like:
Business: (888) 874-6773
Business2: (877) 211-5723
Fax: (877) 874-8038
Email: email@example.com http://www.usinspect.com
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US Inspect has a cost analysis in the summary... which I think is great for the Realtor and the buyer....what I will advise you about is the costs are per item in the summary- so if there are 3 elect. issues its priced per item- and in reality if the electrician is in the house doing a job his price to do the others are less-
The Number is 1-888-us-inspect
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