Home Inspection vs Appraisal: What’s the Difference and Do You Need Both?
Buying a house comes with a pile of paperwork, and two terms keep popping up: inspection and appraisal. They sound alike, and plenty of first time buyers assume one covers the other. It doesn’t. A residential home inspection looks at the physical condition of the property, while an appraisal estimates what the property is worth. Knowing how each one works can save you money, stress, and a few awkward conversations with your lender. Let’s untangle the two so you know exactly what to expect before closing day. What a Home Inspection Actually Covers The Physical Condition of the House A...