Home Inspection vs. Home Appraisal

A Home Appraisal is not a home inspection and the appraiser is not acting as a home inspector when preparing the appraisal report. The borrower has the right to have a home inspection by a professional home inspector. When performing the appraisal of the property the appraiser visually observes areas that are readily accessible. The appraiser is observing the condition of the property and its amenities. The appraiser will note any differed maintenance as observed and adjust accordingly if significant enough to affect marketability and/or value.

A Home Inspection involves a evaluation of the condition of the home's heating, central air conditioning, plumbing, electrical systems, roof, attic, floors, foundation and structure. The primary purpose of a home inspection is to highlight items that may be in need of repair or replacement.