Home Inspections Vs House Appraisals in Toronto

Home Appraisal vs. Home Inspection – What You Should to Know

www.aedisappraisals.com

The terms ‘home inspection’ and ‘home appraisal’ play significant roles in the buying and selling process of a home. But, often home buyers confuse home inspection with the inspection done by an appraiser who provides an appraisal report.

www.aedisappraisals.com

Home Inspection: Protects the prospective buyer from purchasing a home with structural defects and other major problems.

Home Appraisal: Protects the lender from paying more than the house is worth.

www.aedisappraisals.com

Home Appraisal: A real estate appraisal is an impartial analysis performed by a real estate appraiser to determine the actual value of your home. The appraisal report obtained from the evaluation process is very helpful for mortgage financing.

www.aedisappraisals.com

Important Factors Taken into Consideration by an Appraiser: • • • • • •

Age and size of the home Number of bedrooms, bathrooms, and closets Plumbing and appliances Condition of fences and decks Building code compliance The potential for expansion

www.aedisappraisals.com

Home Inspection: A home inspection is a visual inspection performed to determine the condition of your home. The whole process takes about 3 hours to complete and is generally conducted at the buyer’s request.

www.aedisappraisals.com

Important Factors Taken into Consideration by a Home Inspector: • • • • • • •

Pest infestation Basement leakage Leaks or cracks on floors or roofs Condition of walls and ceilings Condition of windows and doors Insulation Ventilation and more.

www.aedisappraisals.com

Visit www.aedisappraisals.com for more information.

Call +1 888 99 AEDIS (23347)

www.aedisappraisals.com