Many mortgage lenders now require a pre-construction appraisal with any new construction before approving a loan. This ensures the property is worth the amount of the loan and the lender will recap its money. Most, if not all properties built with the aid of construction financing in today’s market require a pre-construction appraisal. The appraised value should reflect what the property would be worth if it existed already and was built as planned.
A pre-construction appraisal from Commercial Appraisers of Atlanta can help you determine whether building the property of your dreams can become a reality or purchasing a property off the market is a more feasible option. New construction is stressful enough in itself, getting a pre-construction appraisal from Commercial Appraisers of Atlanta can eliminate that feeling of uncertainty about if your proposed property will be worth as much as what it will cost to build. Commercial Appraisers of Atlanta will be happy to explain the appraisal process up front, as well as speak with your builder. When the report is finished, we’ll also personally go over it with you to answer any questions you might have.
Typically the owner will have selected a building site as well as a set of plans and specifications for the property 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.
Call Commercial Appraisers of Atlanta to today at (404) 692-5450 to schedule your pre-construction appraisal today. Commercial Appraisers of Atlanta has the experience and qualifications to handle all of your appraisal needs. Commercial Appraisers of Atlanta continues to be Atlanta’s top pre-construction appraisal provider for over a decade.
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Get in touch with us today by calling (404) 692-5650 or by submitting an online appraisal request. You will speak directly with a local, knowledgeable expert appraiser.