While many in normally think of an appraisal being prepared only on an existing home, this is not always the case. Most if not all homes built with the aid of construction financing in today’s market require a pre-construction appraisal. This assures the lender that the home being built will be worth the money being borrowed once the project is finished.
This appraisal is prepared, as the name implies, prior to the construction of the home. Typically the owner will have selected a building site as well as a set of plans and specifications for the home prior to applying for the loan. Upon application, it becomes the responsibility of the appraiser to appraise the subject property in accordance with the plans and specifications provided by the owner, assuming all work will be completed. Knowing this beforehand can save an individual from over extending his/her resources.
A pre-construction appraisal from Alpharetta Home Appraiser can help you decide whether building the house of your dreams can become a reality or purchasing a home off the market is a more viable option. Building a new home is stressful enough in itself, getting a pre-construction appraisal from Alpharetta Home Appraiser can help to eradicate feelings of uncertainty about your proposed home and whether it will be worth the cost of building. We are happy to explain the appraisal process up front, as well as speak with your builder. When the report is finished, we’ll go over it with you to answer any questions you may have.
Alpharetta Home Appraiser continues to be Alpharetta’s top pre-construction appraisal provider. Call Alpharetta Home Appraiser today at (678) 791-4532. Alpharetta Home Appraiser has the experience and qualifications to handle all of your appraisal needs.