In the context of real estate transactions, the home buyer typically pays for the radon inspection. This test is usually conducted during the inspection period as part of the due diligence process when purchasing a home.
Understanding Radon Inspection Costs in Real Estate
When a home is under contract, the buyer often arranges for various inspections to assess the property's condition. Radon testing is a common additional service offered by many professional home inspectors.
Here's a breakdown of how it typically works:
- During the Inspection Period: The radon test is performed concurrently with other home inspections. This allows the buyer to gather all necessary information about the property before finalizing the purchase.
- Professional Service: Home inspectors frequently provide radon testing as an add-on to their standard inspection packages. While they are professionals in identifying potential issues, it's crucial that the radon test itself is conducted with specialized equipment and according to established protocols to ensure accurate results.
- Buyer's Responsibility: The expense associated with the radon test is most commonly covered by the home buyer. This cost is usually grouped with other inspection fees, which are part of the buyer's closing costs or out-of-pocket expenses during the contract period.
Why the Buyer Pays:
Buyers often choose to pay for radon inspection to protect their investment and ensure the safety of their future home. Knowing the radon levels allows them to:
- Assess Health Risks: High radon levels pose a significant health risk, being a leading cause of lung cancer in non-smokers.
- Negotiate Repairs: If elevated radon levels are found, the buyer may negotiate with the seller for mitigation system installation or a credit towards the cost.
- Make Informed Decisions: The results help the buyer make an informed decision about proceeding with the home purchase.
While it is standard for the buyer to pay for the inspection, any subsequent radon mitigation costs (to reduce elevated radon levels) can become a point of negotiation between the buyer and seller, depending on local regulations and the terms of the purchase agreement.
