What's the Difference Between a Home Appraisal vs a Home Inspection?

The difference between a home inspection and an appraisal is a super common source of confusion for home buyers.

The summary: one is all about the value of the home and one is all about the condition of a home.

A home appraisal is an assessment of the monetary value of a property, taking into account factors such as the location, square footage, and recent sales of comparable properties in the area. On the other hand, a home inspection is an evaluation of the condition of a home, including the structure, systems, and components such as the roof, plumbing, electrical, and HVAC. While a home appraisal determines the fair market value of a property, a home inspection identifies any potential issues or defects that may need to be addressed before the sale.

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