USDA Home Loans Blog

Although the sale of every home is unique, every home owner should get a home inspection. A home inspection not only evaluates the physical condition of a home but can also give you an idea of the lifespan of major items and appliances. For example, the roof, water heater, a/c unit, etc.

Many first time homebuyers confuse an appraisal with a home inspection. An appraisal simply gives you the current market value of a home and whether or not it meets a lenders financing guidelines. An appraisal is a very important element of the USDA home loans process. An inspection can pinpoint serious problems with a home that could be very costly down the road. It should always be requested by the buyer. In some cases, there are actually sellers that will order an inspection to find out if they should replace or repair anything before listing their home for sale.

You should expect to pay an average of $300-$500 for a home inspection. For this amount, you should receive a detailed written report of the homes condition and any suggested improvements. What if the home has problems? Keep in mind that no house is perfect. Just because an inspector suggests something in the report doesn't mean you shouldn't buy the home. It makes you aware of repairs that may or may not arise after the purchase. Remember that it is the buyers responsibility and right to order a home inspection.