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Home Inspection vs Home Appraisal... in Minnesota

A home inspection and an appraisal serve different purposes in the process of buying or selling a home here in Minnesota:

Home Inspection:

  1. A home inspection is typically conducted by a professional inspector hired by the buyer.

  2. Its purpose is to evaluate the condition of the home, including its structural integrity, mechanical systems (plumbing, electrical, HVAC), and overall safety.

  3. Home inspections are a visual only, non-invasive inspection of a home and focuses on identifying any existing or potential issues with the property.

  4. The inspector provides a detailed report outlining their findings, which helps the buyer make an informed decision about the purchase of the house.



  1. An appraisal is typically required by the lender and is conducted by a licensed appraiser.

  2. Its purpose is to determine the fair market value of the home.

  3. The appraiser considers various factors such as the home's size, condition, location, comparable sales in the area, and current market trends.

  4. The lender uses the appraiser's report to ensure that the home's value supports the requested loan amount.

  5. Unlike a home inspection, which focuses on the condition of the property, an appraisal focuses on its value.

In summary, while both a home inspection and an appraisal are important steps in the home buying process, they serve different purposes: a home inspection evaluates the condition of the property, while an appraisal determines its market value.

I would always suggest getting a home inspection in Minnesota by Northway Home Inspection, or another qualified inspector.

Some things you should negotiate repairs on if not address already by the seller in there listing:

·       Knob and Tube wiring.

·       Large amount of mold.

·       Cracked furnace heat exchanger.

·       FPE or Zinsco electrical panels.

·       Major plumbing leaks.

·       Major foundation problems.

·       Main sewer line breaks/problems.

·       Presence of asbestos.

·       Furnace/AC or Water Heater not working.

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