When you’re getting ready to buy or sell a home, having a home maintenance inspection and appraisal is part of the process. Because it’s such a huge investment, your home needs to be evaluated. Some people think that appraisals and inspections are the same thing but they are, in fact, very different.
An appraisal is a concept of pricing a home based on specific factors, such as:
Location of the home
Proximity to desirable schools and other public facilities
Size of the lot
Size and condition of the home itself
Recent sales prices of comparable properties