Bridging the Gap Between Plans and Value
New construction requires a different lens. Unlike standard appraisals, we evaluate plans and specifications to conclude an "As-Completed" market value before the first shovel hits the ground.
Whether you are building a custom luxury home, a multi-unit infill project, or a full rebuild, our reports provide the independent data required by lenders to fund your project and by builders to manage their equity.
Overview
Construction financing and custom home projects require accurate valuation at several stages.
Lenders need verification of value, progress and completion before releasing funds or converting a construction loan into a standard mortgage.
- New construction mortgage approval
- Progress draw inspections and valuations
- Final stage completion appraisals
- Custom build and luxury home projects
- Full tear down and rebuild assignments
- Post construction refinances
Our reports are structured for lenders, builders, homeowners and investors who need clarity, accuracy and reliable documentation.
Types of Construction Appraisals
New Construction Appraisals
Completed before construction begins to estimate the finished market value. We review plans, specifications, lot details and comparable new builds.
Progress Draw Appraisals
Performed during construction when lenders release funds in stages. We verify:
- Completion %
- Construction Progress
- On-Site Condition
- Remaining Work
- Plan Compliance
- Interim Value
Final Stage / Completion
Required once the project is complete. Lenders use this to finalize mortgage approval or convert a construction loan.
Refinance After Construction
Homeowners often refinance to consolidate construction costs, restructure financing or release equity.
Custom Build and Luxury Projects
We specialize in high value and custom homes that require advanced commentary and premium comparable selection. These assignments demand rigorous data analysis to ensure unique features are accurately valued in the current market.
What We Review in a New Construction Appraisal
Ideal for the Following Clients
For Homeowners
- Building a custom home
- Completing a major addition
- Refinancing after construction
- Evaluating return on investment
For Builders & Contractors
- Progress draw compliance
- Independent valuation for client financing
- Market alignment for completed product
For Lenders & Brokers
- Construction loan underwriting
- Final mortgage approval
- Progress draw verification
- Equity and risk assessment
For Investors
- BRRRR style rebuilds
- Full renovation to reconstruction
- Multi property construction planning
Property Types Covered
Custom Homes
Full Tear Down and Rebuild Projects
Large Additions
Luxury Home Construction
Semi Custom and Infill Builds
Subdivision New Builds
Duplex or Multi Unit Conversions
Coach Houses and Accessory Dwellings
High End Renovations
How Our Process Works
Project Intake
We confirm purpose, scope, timeline and lender requirements.
Document Review
We review architectural drawings, specifications, permits and contractor details.
Site Visit or Progress Inspection
We inspect progress, materials, quality and compliance with plans.
Market Analysis
We select comparable new builds and market supported data.
Valuation Conclusion
We reconcile all approaches into a clear, supportable market value.
Report Delivery
A structured, lender friendly report delivered digitally.
Why This Appraisal Matters
Service Areas
We provide construction and final stage appraisals across:
Why Clients Choose Advanced Appraisals
Independent and standards compliant
Accurate interpretation of plans and construction specs
Deep understanding of custom home and infill markets
Lender friendly, clean and professional reporting
Trusted by lenders, builders and homeowners
Strong local market knowledge across the GTA
FAQ
Why do lenders require multiple appraisals during construction?
Lenders release funds in stages and need verification of progress and value at each step.
What documents do you need for a new construction appraisal?
Architectural plans, construction specifications, permits and builder information.
Can you appraise a home that is only partially built?
Yes. Progress draw appraisals evaluate current completion levels and remaining work.
Do you provide "as completed" valuations?
Yes. We estimate market value based on the finished design and plan specifications.
How do you determine value before the home is built?
We review plans, materials and comparable new builds in the area.
Do lenders accept your construction appraisals?
Yes. Our reports follow lender expectations and are widely used across the GTA.
What if the project is delayed or changes during construction?
We update valuations as required and assess how changes impact market value.
Can this appraisal be used for refinancing after completion?
Yes. Many homeowners refinance once construction is complete.
How long does a construction appraisal take?
Most are completed within a few business days depending on complexity and scheduling.
Do you handle custom luxury home builds?
Absolutely. We specialize in high value and architect driven projects.
