A Home inspection determines whether the house itself has any hidden problems that could become costly surprises down the road. The inspection report provides you with an expert assessment on the condition of the home and evaluates its structure and various systems within it.
You’re probably thinking: Is a home inspection required? In most cases, it is not required, but rather optional. Do I recommend a home inspection? Absolutely!
The purpose of an appraisal, on the other hand, is to set the current value of a home so that a lender may determine how much it can loan to the buyer. The appraiser looks at similar properties in the area (Comparables) and the prices at which they were sold to set the value of the house.
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