Although the home appraisal may seem similar to the home inspection, the goals of these two processes are very different.
- – The appraiser determines the value of the house.
- – The inspector determines any repairs needed and their potential cost.
| Typical Duties | Home Inspector | Appraiser |
|---|---|---|
| Checks the condition of all major systems and structures in and around the home, such as HVAC and roofing. | X | X |
| May provide repair cost estimates for any damage or latent issues that may influence the home purchase price negotiations. | X | |
| Checks the prices of recent comparable home sales in the area. | X | |
| Gives the buyer and lender a report detailing their findings and the repair recommendations. | X | |
| Gives the buyer, seller, and lender a report detailing how they calculated the value of the home. | X |