Home inspection
A buyer-ordered examination of a home's condition — roof, systems, structure — used to spot problems before closing, separate from the lender's appraisal.
What does home inspection mean?
A home inspection is for you, not the lender: a professional walks the property and reports on the roof, foundation, plumbing, electrical, heating and cooling and more, so you know what you are buying. It is not the same as an appraisal, which estimates value for the lender. Findings can be used to renegotiate price or repairs, and an inspection contingency lets you exit the deal if serious problems turn up.
What an inspector checks — and what they don’t
A general inspection is a visual review of the home’s major systems, usually taking two to four hours. It covers:
- Roof, foundation, structure and drainage.
- Electrical panel and wiring, plumbing, water heater and HVAC.
- Windows, doors, attic, insulation and visible signs of moisture or pests.
Specialist inspections and next steps
A general inspection does not cover everything. Depending on the home and region, consider a sewer-line scope, radon or mold testing, a termite (wood-destroying insect) inspection, or a structural engineer for foundation concerns. Each is a separate fee.
Use the report to negotiate within your inspection contingency: ask the seller to repair specific items, give a closing credit, or lower the price — or walk away. Focus on safety and expensive systems, not cosmetic issues. An inspection is different from the lender’s appraisal, which estimates value rather than condition.
Frequently asked
Is a home inspection the same as an appraisal?
No. An inspection is for you — it reports the home’s condition so you know what you are buying. An appraisal is for the lender — it estimates value to confirm the home is worth the loan. You typically pay for both.
Is a home inspection required?
Lenders do not require one, but it is strongly recommended — your best chance to find costly problems before you commit. An inspection contingency also lets you renegotiate or walk away if serious issues turn up.
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Related terms
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