Although the home appraisal may seem similar to the home inspection, the goals of these two processes are very different.
- – The appraiser determines the value of the house.
- – The inspector determines any repairs needed and their potential cost.
|Typical Duties||Home Inspector||Appraiser|
|Checks the condition of all major systems and structures in and around the home, such as HVAC and roofing.||X||X|
|May provide repair cost estimates for any damage or latent issues that may influence the home purchase price negotiations.||X|
|Checks the prices of recent comparable home sales in the area.||X|
|Gives the buyer and lender a report detailing their findings and the repair recommendations.||X|
|Gives the buyer, seller, and lender a report detailing how they calculated the value of the home.||X|