Many people tend to confuse home inspectors with home appraisers. Although it sometimes seems they are doing the same thing, the report they provide serves different purposes. A home inspection is performed to determine the condition of a structure, while an appraisal is used to determine the value of a property.
During the home buying process you will want to hire an experienced home inspector to point out any potential problems that could become costly nightmares in the future. An appraiser will likely make note of any obvious issues, but they do not test your heat and air, check the chimney, or determine if your plumbing is up to todays building standards. Thats the job of the inspector.
By knowing who uses the information from the two reports, you will have a better understanding of the differences between a home appraisal and home inspection.
Home inspections protect the buyers pocketbook.
The information provided in the inspection report is used by the home buyers to determine the current condition of the home. It reduces the risk associated with home ownership.
Home appraisals protect the lenders pocketbook.
The information provided by the appraiser is used by the lender to determine the market value of the home. It reduces the amount of risk associated with providing the loan. A home appraisal also benefits the home buyer by providing a clear picture of the homes market value. Nobody wants to overpay for a house.
Like I mentioned earlier, there are some similarities in the roles played by the home inspector and the home appraiser, but they serve very different purposes. Both are instrumental pieces of the home buying process.
What a Home Inspector Does
Your Premier Huntley Home Inspection Company | Let this experienced About Your Home Inspection company help keep you from buying The Money Pit. We’ll alert you to any and all health or safety issues and maintenance needs of the home you’re looking to buy.
About Your Home Inspection will be your home buying or selling advocate! We are committed to providing you with outstanding service. We’re highly experienced and extremely thorough. If you’re looking to buy or sell in the Huntley area, we can help!
Owned and operated by inspection specialist, Dave Novalinski. Dave prides himself in being committed to following high standards and providing professional service to all of the customers .
Call About Your Home Inspection Today (847) 669-9040 | or Click To Schedule Online 24/7 Right From Our Website
Safety, Security and Peace Of Mind” ~ About Your Home Inspection!