What’s the Difference Between a Home Inspection and a Home Appraisal?

Published On: December 29, 2021|Categories: Blog, Home Sellers, Real Estate, Sellers|Tags: Difference Between a Home Inspection and a Home Appraisal, What's the Difference Between a Home Inspection and a Home Appraisal|

A home appraisal is different than a home inspection. Appraisals are used to determine the value of a property, while home inspections are used to identify any potential problems with a property.

Here’s what you need to know.

What is a Home Inspection?

A home inspection is an examination of the physical condition of a home. Home inspectors will look at the structure of the home, as well as the plumbing, electrical, and HVAC systems. They will also check for any signs of pests or water damage.

Home inspections are usually conducted by a professional inspector. The inspection report will identify any problems with the property.

How Much Does an Inspection Cost, and Who Pays for It?

Home inspection fees vary, but are typically between $200 and $500. The fee is usually paid by the buyer.

What is a Home Appraisal?

A home appraisal is an estimate of the value of a property. Appraisals are conducted by professional appraisers.

Home appraisals are typically required when a home is being sold. The lender will order an appraisal to ensure that the loan amount is not more than the value of the property.

How Much Does an Appraisal Cost, and Who Pays for It?

Home appraisal fees vary, but are typically between $300 and $500. The fee is usually paid by the buyer.

$785,000

410 Riverside Drive Jasper, Indiana

7 Beds 6 Baths 5,132 SqFt 1.13 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

$612,000

39 Hannah Lane Jasper, Indiana

4 Beds 4 Baths 4,834 SqFt 1.65 Acres

Listing courtesy of Nathan Hanselman from SELL4FREE-WELSH REALTY CORPORATION.

$509,700

3289 St. Charles Street Jasper, Indiana

4 Beds 4 Baths 3,906 SqFt 0.595 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

$425,000

1376 N Hayland Drive Jasper, Indiana

3 Beds 3 Baths 2,500 SqFt 0.85 Acres

Listing courtesy of LarryCarpenter III from Carpenter Realty LLC.

$349,900

1749 W 1st Street Jasper, Indiana

4 Beds 3 Baths 2,011 SqFt 0.35 Acres

Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.

$349,700

464 Kluemper Road Jasper, Indiana

3 Beds 2 Baths 1,851 SqFt

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

$342,000

1153 W 13th Street Jasper, Indiana

3 Beds 3 Baths 4,541 SqFt 0.36 Acres

Listing courtesy of Amy Uebelhor from SELL4FREE-WELSH REALTY CORPORATION.

$339,900

394 Saint Charles Street Jasper, Indiana

3 Beds 4 Baths 2,806 SqFt 0.3 Acres

Listing courtesy of Gary Schnell from SELL4FREE-WELSH REALTY CORPORATION.

$294,900

4114 Lee Drive Jasper, Indiana

4 Beds 3 Baths 2,588 SqFt 0.26 Acres

Listing courtesy of SteveLukemeyer from F.C. TUCKER EMGE.

$289,700

4229 New Birch Drive Jasper, Indiana

3 Beds 2 Baths 1,429 SqFt 0.24 Acres

Listing courtesy of Brenda Welsh from SELL4FREE-WELSH REALTY CORPORATION.

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