Appraisal for New Construction: Understanding ‘As-Completed’ Value

Ricklopez6604 Jun, 2025Business

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 buyers alike.