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 your perfect dream home! This exceptional 2016-built residence seamlessly combines modern design with functionality. Nestled in the sought-after Brookstone Estates neighborhood, this charming craftsman-style home features 4 bedrooms, 2 bathrooms, and an array of desirable amenities. The open, single-story split floor plan offers generous space for both relaxation and entertaining. The  kitchen showcases sleek countertops, stainless steel appliances, and ample cabinet storage. Just off the kitchen, the dining area is ideal for both cozy dinners and large gatherings. Unwind in the luxurious master suite, which boasts plenty of closet space and a private en-suite bathroom with double vanities and a glass step-in shower. Three additional bedrooms and a full bathroom are located off the hallway leading from the living room. Outdoors, the beautifully manicured lawn and landscaping provide a serene setting for outdoor enjoyment. Enjoy peaceful mornings and relaxing evenings on the private back patio. Recently planted fruit and nut trees in the backyard promise plentiful harvests in the years ahead. A detached 24' by 17' garage offers ample storage and workshop possibilities. $379,900 Pending

4783 W Pebble Drive Jasper, Indiana

4 Beds 2 Baths 1,707 SqFt 0.6 Acres

Listing courtesy of Bryce Lain from SELL4FREE-WELSH REALTY CORPORATION.

This "Like New" condition home offers a well-maintained 3-bedroom, 2-bathroom split floor plan, ideally situated on a quiet cul-de-sac in Jasper, IN. The charming covered front porch invites you into the foyer, setting the tone for a warm and welcoming interior. You'll appreciate the open layout that seamlessly connects the spacious living room to the well-appointed kitchen, which features an eat-at bar and a convenient pantry. The dining area is also part of this open design, making it perfect for entertaining. For added privacy, the owner's suite is positioned on one side of the home and includes a walk-in closet, a double bowl vanity, and ample space for your furnishings. The second and third bedrooms, located on the opposite end, share a full bathroom equipped with a walk-in shower. Step outside to enjoy the covered patio, ideal for relaxation and outdoor gatherings. The property includes a 2-car attached garage with floor drains, along with pull-down attic stairs for extra storage. Additionally, a one-car detached garage provides even more versatility. Upgrades throughout the home include a central vacuum system, casement windows with built-in blinds for easy maintenance, and coined corners that enhance the home's aesthetic. This residence is perfectly designed for comfortable living and entertaining! $334,700 Active

186 Macy Court Jasper, Indiana

3 Beds 2 Baths 1,605 SqFt 0.51 Acres

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

Four bedroom, two bathroom home on a corner lot in Jasper! $150,000 Pending

1584 W Division Road Jasper, Indiana

4 Beds 2 Baths 1,440 SqFt 0.62 Acres

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