New Construction and Final Stage Appraisals
Independent valuations for new builds, custom homes, full rebuilds and major construction projects.
Used for mortgage approval, progress draw releases, refinancing and construction completion across the GTA and surrounding areas.
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.
Our valuation process includes:
• Architectural drawings and plans
• Construction materials, finishes and quality level
• Builder credentials
• Lot size, grading and location influences
• Planned layout and square footage
• Comparable new builds and recent sales
• Neighbourhood value patterns
• Zoning, setbacks and development considerations
• Market demand for new construction
We estimate how the completed home will perform in the open market.
TYPES OF CONSTRUCTION APPRAISALS WE PROVIDE
For Homeowners
• Building a custom home
• Completing a major addition
• Refinancing after construction
• Evaluating return on investment
For Builders and Contractors
• Progress draw compliance
• Independent valuation for client financing
• Market alignment for completed product
For Lenders and Mortgage 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
We appraise:
• 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 approaching new build status
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 and surrounding areas.
