Continuing Education Providers;. See question regarding the difference between the types of names to figure out which one is appropriate for your situation.. A home inspection tells you the condition of the component at the time of the home inspection. The inspector is not required to determine life expectancy of any system or component.
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A home inspection is a visual examination of the home looking for functional and safety issues. It should be conducted by an experienced and trained inspector according to an industry accepted standard of practice. For more of an explanation read The Purpose of a Home Inspection. Hopefully the distinction between an inspection and an appraisal.
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An FHA Inspection Determines a Home’s Value. Many home mortgage loans are backed and insured by the Federal Housing Administration. Because the lender isn’t there to see the property firsthand, set of eyes and ears on site is important.
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Answer: An appraisal offers a third party value of a property based on recent sales, land values and cost of construction in some cases. A home inspection, gives you a snap shot of what the home is like in this point in time. This way you have knowledge of the age and condition of the home and the mechanicals at the moment you purchased the home.
The home inspection is a much more detailed process. The inspector looks at every little area of the home. The inspector looks at the condition of the home as well as for any type of damage or potential damage that could affect your homeownership.
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