If you want to avoid becoming confused by the many terms you are hearing, you should know what to look for in your home appraisal. The appraiser's report will contain a lot of information, including any flaws or problems that the appraiser believes will affect the value of the property. No matter how detailed the appraiser's report may be, do not confuse the report with a home inspection, and do not neglect to have an inspection done, even if the appraiser finds no major flaws or problems.