What’s the 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.

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Popular Jasper, Indiana Home Searches:

Newest Homes for Sale in Dubois County

View the newest homes listed in Dubois County in the last 10 days:

Welcome to this stunning 3-bedroom, 3-bathroom home situated on a spacious .96-acre corner lot. Step inside to discover a bright living room with a vaulted ceiling that flows seamlessly into the dining area. The well-appointed kitchen boasts Quartz countertops and abundant cabinetry, making it perfect for all your culinary needs. Enjoy your morning coffee in the cozy enclosed sunroom.  Take advantage of the convenient laundry/full bath located adjacent to the kitchen and the oversized 2-car garage. On the main level, you'll find three comfortable bedrooms and another full bathroom. An open staircase leads you to the lower level, which features a second kitchen, a family room, an additional full bathroom, an office, and a bonus room currently utilized as a fourth bedroom. Storage is abundant here with built-in shelving  in the storage room and a separate walk-in closet, plus a second staircase that leads directly to the garage. The attached garage is enhanced with an epoxy-painted floor, while the impressive 32'x24' heated second garage/shop offers hot and cold water, multiple air compressor hookups, attic storage, a stereo system, an attic fan, and even a TV for your convenience. A covered porch and a 10'x12' room for lawn equipment complete this versatile space. A separate car `barn adds even more utility, while the spacious patio at the back of the home is perfect for fall gatherings. This home truly has it all—don't miss your chance to make it yours! $364,700 Active

1822 W 5th Street Jasper, Indiana

3 Beds 3 Baths 2,964 SqFt 0.96 Acres

Listing courtesy of BrendaWelsh from SELL4FREE-WELSH REALTY CORPORATION.

Situated on a .35 acre lot is this 1402 sq. ft. all brick ranch style home. Features include 3 bedrooms and 2 full bathrooms and offers a neutal decor. This home also includes a separate family room with a fireplace as well as a living room. Updates include new flooring, fresh paint, some new light fixtures, a new commode, and much more. There is also a large rear yard and patio for entertaining and an attached 2 car garage and driveway for parking. This home is conveniently located near schools and shopping and offers immediate possession. $234,900 Active

1312 W Clover Street Jasper, Indiana

3 Beds 2 Baths 1,402 SqFt 0.35 Acres

Listing courtesy of GarySchnell from SELL4FREE-WELSH REALTY CORPORATION.

Welcome to 952 E 24th St in Ferdinand, IN! This delightful rambling ranch offers an abundance of space both inside and out, situated on a generous 3.24-acres +/-. Perfectly designed for your favorite hobbies, the fenced pasture invites a variety of outdoor activities. Surrounded by mature trees and a rolling landscape, this property is truly a must-see. Parking is a breeze with both a 3-car detached garage and an attached 2-car garage, featuring an extra set of stairs that lead directly to the basement. Imagine unwinding in the evenings on your swing beneath the charming pergola. As you step inside, you'll be greeted by an inviting family room boasting panoramic windows that seamlessly bring the outdoors in. The oversized kitchen is a chef's dream, complete with a walk-in pantry, a spacious island, and ample room for a dining table, perfect for gatherings. Adjacent to the kitchen, the den provides additional space for relaxation or entertainment. The main level also features three spacious bedrooms and one and a half baths, ensuring comfort for everyone. Venture downstairs to discover a massive open room, complete with a bar area—ideal for recreation and entertainment. The basement is also plumbed for an additional bathroom, adding to its versatility, and a laundry room conveniently completes this level. Don’t miss out on the opportunity to transform this charming country home into your very own sanctuary, all while being just a stone's throw from town. This is your chance to embrace the best of both worlds! $329,700 Active

952 E 14th Street Ferdinand, Indiana

3 Beds 2 Baths 2,921 SqFt 3.24 Acres

Listing courtesy of BrendaWelsh from SELL4FREE-WELSH REALTY CORPORATION.