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If you are thinking about getting another mortgage on your house, looking to lower your rates, or looking to sell your home, the first thing you need to do is get your house appraised. So what is the difference between a real estate appraiser versus a home inspector when it comes to this appraisal? Well generally speaking a home inspector will not appraise your house’s value, they are looking more at the actual condition of your home. If you want to know how much your house is worth then you need a real estate appraiser. To understand these two positions more fully we will go more into detail about their differences, as people tend to confuse the two.

Real Estate AppraiserFor the purposes mentioned above you will want to employ a real estate appraiser. Their job is to develop an opinion on the value of your home. If you are looking to remortgage or sell your house it is good to know what your house would go for on the market today. It is a good idea to have your home appraised regularly to understand the current housing market as well as ensure you are getting the best value from your mortgage. A real estate appraiser will look at more of the face of the house. They will take pictures inside and outside, take note of the size of the house, the number of bedrooms and bathrooms, whether the house has a basement, any hazardous conditions on the property and in the surrounding area. Also, they will take note of any additions or improvements made to the house from the original structure. All this and more affects the actual value of the house which is what an appraiser is concerned with.


Home InspectorA home inspector is more concerned with the safety or the condition of the house. Common reasons for employment of a home inspector are: before selling to make sure there are no hazards that could lower the value of the house, before buying to ensure that the house is safe for living, if you question the structure or integrity of the house at any time, or if you plan to add-on to your house structure. In these situations, home value is just a subset of the real issue. It is true that if your house is not in the best condition it will have a lower market price, but that is not the concern of the home inspector. He or she is more concerned if there are any dangerous problems in the house in areas such as structural, roofing, plumbing, electrical, insulation and ventilation and much more.
As you can see a real estate appraiser does a completely different job than a home inspector. It is important to understand exactly what you need for your situation, whether you plan to renovate your house or sell it. However, if selling is what you are looking to do and you are in the midwest area look at Midwest Appraisal Management to learn more about the appraisal process and to get going on your house or property appraisal.

Categories: Home Stuff

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