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How Much Does a Home Inspection Cost?

Without a home inspection, you have no way of knowing what problems you’re buying. Most first-time homebuyers don’t understand why a home inspection cost is beneficial.

It might seem like another extra cost that stands between you and your dream house. Regardless, it’s something that you have to budget for.

There are many potential problems that you can’t see without a thorough inspection. Find out why you should always pay for a home inspection, how much it will cost, and what you should expect.

What to Expect from a Home Inspection

The process starts when you make an offer on a house. Your agent will suggest you add an inspection contingency. It’s beneficial for both parties to have an agent.

They will find common house selling mistakes buyers should avoid to sell your house and help buyers make the best decision.

A home inspector looks at the home for potential problems. Anything from the age and condition of the home to the HVAC and plumbing.

Based on your location, the inspector will focus on different facets of the structure. For cold climates, they will be extra careful when looking at the roof. In warm climates, they inspect the air conditioner very closely.

How Much Does a Home Inspection Cost?

On average it will cost you about $200-$400. Think of how many thousands of dollars this small fee can save you. The real estate market is great for buyers right now, so it’s easier than ever to budget for this cost.

Factors that Will Determine the Cost

This price is based on a large number of variables and will change based on a few components.


Your location contributes to the cost. Regional differences don’t make a huge difference. There are minor variations based on where the owner is selling a house.


Larger houses take longer to inspect and are more expensive. Some inspectors calculate their rate based solely on square footage. They also include the basement and attic when working out the final price.


Some providers charge more than others. This is not because they are trying to scam you; it’s actually the opposite. In most cases, you get what you pay for and the business of home inspection is no exception.

When calling different home inspectors, ask for an estimation. You will have a range of answers based on experience level and the thoroughness of the work they do.

Specialists will cost more than the typical inspection. In most cases, a standard home inspection will be enough to decide if the home is worth buying.

There are times when hiring a specialist trained to look for termites, foundation problems, or radon testing will benefit you.

Home Inspections are Beneficial

Never compromise on a home inspection. There are a lot of varying factors that will impact the overall home inspection cost. It’s better to pay for an inspection to avoid expensive problems in the future.

Contact a cottage grove realtor for help finding your dream home today.

Document with title Property tax on a desk.

Understanding Property Taxes Within Cottage Grove, MN

I’m so excited to pay my taxes!…said no one ever. However, many of us do enjoy the benefits such as good schools, roads without potholes, and the other government services that taxes help to pay for.

If you’re thinking about talking to realtors near Cottage Grove to move to our beautiful city or make a residential investment, you may be wondering how the property taxes work in our area. Get an idea of what you’ll have to pay and when in this little guide to property taxes in Cottage Grove, MN.

How Are Property Taxes in Cottage Grove, MN Calculated?

Washington County, where Cottage Grove is located, separates properties into four different classifications.

  • Residential Homestead
  • Residential Non-Homestead (single unit)
  • Residential Non-Homestead (2-3 units and vacant land) and Apartments
  • Commercial/Industrial

Taxes are calculated slightly differently for each type but the amount is based on the value of the property. Each year, county appraisers assess the value of each property in Cottage Grove. In March, homeowners receive notice of how much their home has been appraised for. If homeowners believe the value is erroneous, they are allowed to appeal in April.

By July, all values are set and this is the basis for the taxes that are due the following year.

When Are Payments Due?

You can pay your property taxes in two parts. The first payment is due by May 15 and the second by October 15 of each year.

There are a number of ways that you can pay your taxes. You can send them by mail, pay online, use a bill pay service, or make an in-person payment at the Stillwater Government Center.

Tax Capacity

So, how much will you have to pay? Well, the calculation varies from year to year. As part of the city’s annual budgeting process, how much money will be needed to meet operating expenses and pay the city’s debts is determined each year. Then, the property tax formulas are set by the legislature.

The tax capacity on homes in Cottage Grove, MN is often graduated. For example, the first $220,000 may be assessed at 1% and any value above that at 1.25%. The amount typically won’t vary drastically from year to year.

Ready to Move to Cottage Grove?

Don’t let property taxes in Cottage Grove, MN scare you away from our beautiful city. You’ll have to pay taxes anywhere you decide to live or buy a rental property. We hope this article has taken some of the confusion out of the matter and you’ll be more prepared to join our ranks. Remember, the more people we have sharing the tax burden, the less each individual will have to pay.

Are you looking for homes for sale in Cottage Grove, MN? With many of the top Cottage Grove realtors as associates, we’re happy to help you find the perfect piece of real estate in Cottage Grove, MN.

Reach out to us today to get connected start shopping for your dream home!

The Latest Unemployment Rate Fell to 8.4%

The Latest Unemployment Rate Fell to 8.4%

The Latest Unemployment Rate Fell to 8.4% | MyKCM

Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week. Though it is tough to look at this as great news when millions of Americans are still without work, the number of unemployed is currently much lower than most experts had projected it would be just a few months ago.

Not Like the Great Depression or Even the Great Recession

Jason Furman, Professor of Practice at Harvard explained:

“An unemployment rate of 8.4% is much lower than most anyone would have thought it a few months ago. It is still a bad recession but not a historically unprecedented event or one we need to go back to the Great Depression for comparison.”

During the Great Depression, the unemployment rate was over 20% for four consecutive years (1932 – 1935). This April, the rate jumped to 14.7%, but has fallen each month since.

During and after the Great Recession (2007-2009), the unemployment rate was at 9% or greater for thirty consecutive months (April 2009 – October 2011). Most economists believe the current rate will continue to fall monthly as the economy regains its strength.

What Happens Going Forward?

The outcome will be determined by how quickly we can contain the virus. In their last Economic Forecasting Survey, the Wall Street Journal reported the economists surveyed believe the annual unemployment rates will be 6.6% in 2021 and 5.5% in 2022. Though that will still be greater than the 3.5% rate that we saw earlier this year, it is lower than the annual rate reportedin 2011 (8.5%), 2012 (7.9%), and 2013 (6.7%).

Bottom Line

There are still millions of Americans struggling through this economic downturn. There is, however, light at the end of the tunnel. The unemployment situation did not get as bad as many had predicted, and the recovery is taking place faster than most thought would happen.