When you are buying or selling a home, you will need to undergo both an inspection and an appraisal. Many potential homeowners think they are one and the same, and may not understand the difference. The certified master inspectors at Evolve Property Inspections are here to help you through this nerve-racking process to make it less stressful for you. We will explain the difference between a home inspection and an appraisal so you are prepared for your real estate transaction.
What is an Inspection?
A home inspection is a limited, non-invasive examination of the condition of a home and its components by a certified inspector. At Evolve Property Inspections, we will check both interior and exterior elements like the HVAC system, plumbing system, electrical system, foundation, and roof, to name a few. Within 24 hours of the conclusion of your inspection, you will receive a detailed report that will give you the facts you need to make an informed decision. Often, the home inspection is ordered by the buyer once the seller has accepted their offer on the house.
What is an Appraisal?
An appraisal is required by the mortgage lender to determine the value of the home based on the general condition of the property, the location, the size, and the sale of comparable homes in the area. The licensed appraiser will assign a value to the home based on those factors, as well as their professional opinion. Appraisals are not typically as exhaustive as home inspections, where the purpose is to find problems or defects with the property.
The Bottom Line
Both an inspection and an appraisal are key parts of the home-buying process, and they serve different purposes. Let the experts at Evolve Property Inspections assist you with the inspection portion of the real estate transaction. We are known for our comprehensive home inspections and superior customer service that will equip you to make an informed real estate decision. Besides our home inspections, we offer townhouse inspections, multi-family home inspections, and more.
Schedule Your Inspection
Family-owned and operated since 2012, Evolve will guide you through the inspection process and get you the information you need. We have a customer-centric approach to our business, which is demonstrated by what our clients are saying about us. Contact us today at (305) 506-8969 to request a quote or schedule your inspection. We conduct inspections for residents and business owners in Miami-Dade County and the surrounding areas of Kendall, Pinecrest, and Coral Gables.