Start with Market Research Begin by gathering recent sales data for similar properties in your area. Look for at least three transactions within the last 90 days and a short radius—ideally a half‑mile. Public records, online databases and local listings provide this information. Accurate research sets a clear benchmark and saves time when you move…
Tag: Appraisal for New Construction
Appraisal for New Construction: Understanding ‘As-Completed’ Value
When financing or selling a new build, understanding the ‘as-completed’ value is critical. This appraisal method estimates the market value of a property once construction is finished, based on plans, specifications, and comparable sales. Unlike traditional home appraisals that assess existing properties, this type requires a forward-looking approach—and accuracy is key for lenders, builders, and…