| Inspection Types There is a lot for you to think about when it comes to home inspection, and that is why we have provided you with a few basic tips, and a chart, to give you a better idea of what you can expect with different inspections. Inspection Types There are different inspections available, but a standard pre-purchase inspection covers a home's major mechanical systems - electrical, plumping, heating and cooling. It also covers the home's construction - this includes roof to foundation, and exterior to interior. It is what we at The Rich Group recommend to buyers and sellers. Overall, inspections generally do not cover: soil, pools, wells, septic systems, building code violations or environmental hazards such as lead. However, the inspection contingency in your purchase contract should allow you up to 7-10 days to conduct an overall inspection, in addition to any specialized inspections you (or your lender) require. Most inspections cost several hundred dollars, and specialized inspections usually involve an expert and can cost more. Do keep in mind that repairs or remedies are negotiable. Following is a table of different inspections, and the basis of what each entails: Type of Inspection | What it Covers | Cost/Who Pays | Remedies | Standard Pre-Purchase | Overall home construction and condition, including major mechanical systems | $200-500
Buyer | Conduct further specialized inspections; repair | Wood damage
Required by many lenders; check with yours | All wood portions of home (interior & exterior) | $75-200
negotiable | Repair or replace damaged wood; treat for wood-destroying insects or organisms | Lead
Disclosure required on all homes built before 1978 | Presence of lead in paint, plumbing, or other areas | $400 basic survey
negotiable | Repair or replace affected areas | Radon
Disclosure of known elevated levels required | Presence of naturally occurring radioactive gas | $150 basic survey
negotiable | Seal foundation cracks, install a sump pump; ventilate basement or crawl space | Environmental Hazards Asbestos, formaldehyde, petroleum, toxic chemicals | Presence of any substance in building material, soil, water, or air that poses a health risk | Price varies
negotiable | Remove hazardous material such as asbestos, or source of danger, such as a buried oil tank | Soil | Condition of soil under and around foundation and retaining walls | $300-2,000
negotiable | Repair or treat problem |
Prices are estimates only Remember, if you are concerned about your budget when buying, you can always refer to our Mortgage Calculator to help you figure out what you can afford. | 
