Behind a rise in home inspections

Home inspections might seem like an annoyance. They aren't required by law, cost a few hundred dollars, and require letting someone skulk through your potential new house for up to three hours, examining everything from pipes to pumps.

Still, a significant number of buyers and homeowners now opt for the service.

More than 77 percent of all home-sales transactions in 2000 - about 4.9 million overall - included a full inspection, according to a new study by The American Society of Home Inspectors (ASHI) and the National Association of Realtors (NAR). Though the study was a first, that number likely represents an increase in buyers electing to have inspections, says Adorna Carroll, an NAR spokeswoman. Ms. Carroll attributes the trend to a rise of "buyer representatives" nationwide, and says realtors who position themselves as such typically recommend complete home inspections.

The study also found:

* Regionally, the South led the nation, with 2 million home inspections in 2000, followed by the West, Midwest, and Northeast.

* Of 910,000 newly constructed homes in the United States last year, 375,100 were inspected.

* Of 5,114,000 existing single-family homes sold last year, 2,962,500 were inspected.

(c) Copyright 2001. The Christian Science Monitor

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK