Buying Real Estate in North Carolina 28 – Due Diligence Period: Cost Estimates, Part III

More Inspections:

Termite (Wood Destroying Insect) Inspection

  • This inspection is usually required by your lender in North Carolina. Expect to spend a minimum of $75 and up for a termite inspection.

Septic Inspection

  • If the home you are purchasing has a Septic System, you will want to have that inspected to make sure it is functioning properly. Expect to spend a minimum of $250 and up for a septic inspection.

Well Inspection/Water Testing

  • If the home you are purchasing has its own well, you will want to consider having the well inspected and having the water tested. There are several types of water tests that you can have done. Expect to spend a minimum of $250 and up for a well inspection and/or water tests.

Other Inspections

  • Any one of the above inspections might lead you to need to have a specialist come out and complete more specific inspections. Since becoming a Realtor, on more than one occasion, I have had buyers that have needed to have further inspections of the structure of a home, the HVAC, the chimney/fireplace and so on. We have also had to have inspections by plumbers and electricians, when warranted. You should have a cushion of “just-in-case” money should you find it necessary to have one of these more specialized inspections done.

Next time: Due Diligence Cost Estimates, Part IV

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