Appraisal or Home Inspection?
Is an appraisal the same as a Home Inspection? No, it is not. The appraiser determines the value of your home by inspecting it. On the other hand, the Home Inspector inspects the home for any damages to the physical structure or the mechanicals. The Home Inspection is most commonly utilized when you are considering purchasing a home while an Appraisal is required whenever you place a mortgage on your home. Both an Appraisal and a Home Inspection usually cost around $400.00 for a typical home.
