Home inspections and home appraisals sound similar, but they have very different purposes.
Property appraisals look at the big picture of what affects a home's value. A leaking roof or foundation issues can definitely affect value.
A home inspector is a construction expert. Maintenance and convenience factors are more in line with home inspections. While these issues might not affect a home's value immediately, these problems can worsen over time.
Property inspections give buyers confidence that the home they're buying has been well maintained. While the lender doesn't require an inspection, it is recommended that you get one. It's your chance to ask questions, get answers and, possibly, negotiate repairs or a lower sales price.