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.
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.
Advanced Appraisals provides independent, standards compliant valuations for:
• 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 WE PROVIDE
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.
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
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.
A new construction or final stage appraisal provides:
• A reliable estimate of completed market value
• Essential documentation for mortgage approval
• Confirmation of project feasibility
• Protection against overbuilding or over spending
• Verification required for progress draw releases
• Confidence for lenders, builders and homeowners
SERVICE AREAS
We provide construction and final stage appraisals across:
Mississauga, Brampton, Oakville, Burlington, Milton, Halton Hills, Toronto, Vaughan, Richmond Hill, Markham, Pickering, Ajax, Whitby, Oshawa, Hamilton, Ancaster, Stoney Creek, Grimsby, Niagara region, Barrie, Innisfil, Bradford, New Tecumseth and all surrounding areas.
• 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 and surrounding areas
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.
