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When buying a home, you don’t want to inherit issues like a faulty HVAC system, cracked foundation, or mold growth, which can cost you significantly to fix. One of the ways to move forward with certainty is to have and fully absorb the results of a residential home inspection. Many people get this service confused with a home appraisal. The guide below explains the differences between the two.

Home Appraisal

A home appraisal is used to determine the market value of a home. Potential buyers perform these to gauge how much they should spend on the home and to also secure the best mortgage deal from a lender.

During the appraisal, a professional will consider the property’s location, features, and systems. They’ll then compare these to similar houses that have sold in the area recently so they can determine its current worth.

Residential Home Inspection

residential home inspectionA residential home inspection focuses on the condition of the home. An expert will check all the core systems—looking for dated electrical wiring, leaky or aged plumbing, and damaged ductwork. They’ll check that the concrete foundation is strong and that there aren’t any concerns with the wood framing and structure.

During this examination, they’ll also check the property for pests, mold, water damage, and other issues that would eventually require renovations. Potential buyers often walk through the home with the inspector to get an idea of what needs to be fixed.

If a dated plumbing system will need to be replaced in a year—or so or if repairs are needed now—the buyer can negotiate with the seller to either lower the home price or have the seller cover the costs involved. This can save you significant time, stress, and money down the road.

 

Ready to schedule a residential home inspection? A-Pro® Home Inspections is proud to serve Denver, CO, and the surrounding areas, making use of its more than 25 years of experience. Their certified team members perform a 500-point inspection that covers every inch of a property and they aim to provide results within 24 hours. Schedule an appointment by calling (303) 875-7627. Learn more about their offerings on their website.

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