Think appraisals and home inspections are the same? They’re very different. Appraisals are an estimate of a home’s value determined by a professional appraiser who typically works for a lender. Homeowners can also order appraisals on their own to get an idea of the value of their property.
An appraisal is never a substitute for a home inspection. An inspection is performed by a professional home inspector who works for a home buyer or property owner and provides a report that details the condition of the home and its major components.
