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How much should I pay for a home inspection?

Q: Gerald, as we continue to search for a house, we’ve decided to take your advice and pay for a home inspection. How much should we pay for a home inspection? Brook, Flanders, NJ

A: Brook, you’re smart to get a home inspection. The cost of doing a home inspection will vary from place to place, but I’ve found throughout the US, most home inspections cost between $350 and $550. I’d shop around, but the experience and competence of the inspection company is more important than the cost.

I’ve been investing in real estate for 15 years and I still pay for home inspections when I buy just to benefit from another set of eyes. You may be able to get by without doing a home inspection, but I don’t think it’s worth the risk—pay a few hundred dollars more for the peace of mind it’ll give you.

Thanks for your question, Brook, good luck!

For more real estate tips and information, visit my blog at geraldlucas.com.

I’m Gerald Lucas and I’ll see you again soon.

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