What is the purpose of a home inspection?

The purpose of a home inspection is primarily focused on evaluating the condition of a property before purchase. This involves a comprehensive assessment of the home's structural integrity, systems, and overall condition. A qualified home inspector examines various components, including the roof, foundation, plumbing, electrical systems, and more, to identify any potential issues that could affect the property's safety, usability, or value.

This evaluation is crucial for buyers because it allows them to make informed decisions regarding their purchase. If significant problems are discovered during the inspection, buyers can negotiate repairs or price adjustments with the seller, or in some cases, decide to withdraw from the purchase altogether to avoid unforeseen expenses.

In contrast, determining the market value of a property relates more to appraisals than inspections and is essential for understanding the property's worth in the context of the real estate market. Identifying neighborhood demographics and calculating potential rental income involve different assessments that are not directly related to the physical condition of the home itself but rather to broader market analysis.