Not much. Both terms mean the home inspector did not have any defects to report for the building component in question. Neither word should be understood to mean that something is in perfect, like-new condition; just that the component appeared to be acceptable. In some cases, the item is tested, as with an air conditioner, and satisfactory performance is part of the evaluation. In others, it is simply visually inspected.
While we hope you find this series of articles about home inspection helpful, they should not be considered an alternative to an actual home inspection by a local inspector. Also, construction standards vary in different parts of the country and it is possible that important issues related to your area may not be covered here.
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