A home inspection gives the buyer a more details and information about the overall condition of the property prior to purchase. In an inspection the qualified inspector takes an in-depth, unbiabsed look at your potenial investment.
What they are checking for are:
- The physical condition of the structure, construction quality and the mechanical systems.
- Identify items that need to be repaired or replaced.
- Estimate the remaining useful life of the major systems, equipment, structure, and finishes.
An appraisal is different from a home inspection.
-Appraisals are for lenders. -Home inspections are for buyers. An appraisal is required for three reasons: -To estimate the market value of a house -To make sure that the house meets FHA minimum property standards/requirements - -Make sure that the house is marketable
With a home inspection you get a detailed inspection of all the areas of the home including electrical, plumbing, structural, roof, and everything in-between! That is why a home inspection is very important to ensure that your investment is going to be worth your time.
It is your responsibility to be an informed buyer. Be sure that what you buy is satisfactory in every respect. You have the right to carefully examine your potential new home with a qualified home inspector. You may arrange to do so before signing your contract, or may do so after signing the contract as long as your contract states that the sale of the home depends on the inspection.