Can you give me an estimate on my home's value or repairs needed?
Home inspectors focus on the observable issues of a home that could be costly to you or put you in danger. The reports, while detailed, do not include an estimated value of a home's worth. In addition, New York State dictates that cost estimates for home repairs are not to be estimated by a home inspector due to conflicts of interest laws.
Appraisal services are hired by banks to appraise the home based on comps in the area and aspects of the home. Appraisal inspections and home inspections differ greatly and are both needed in a real estate transaction.