While both involve property evaluation, they serve different purposes:
Real Estate Appraisal: Determines the fair market value of your property based on location, condition, size, and comparable sales in Aurora. It's primarily focused on value and is typically required by lenders for mortgage financing.
Home Inspection: Evaluates the property's structural integrity and systems (electrical, plumbing, HVAC, etc.) to identify existing or potential problems. It focuses on the property's condition rather than its value.
Many Aurora homebuyers choose to have both an appraisal and an inspection performed to get a complete understanding of both the property's value and condition before finalizing their purchase.