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Updated over 5 years ago,
New construction appraisal
Hi folks,
I'm currently working on building new construction single family homes on infill and rural lots in my market.
Several lots I'm interested in do not have "new build" comps, only pre-existing.
I'm wondering how appraisers usually value new construction when there are only pre-existing homes? Does new construction receive a premium or will they be fairly in-line with pre-existing sales?
Are there any FHA guidelines on this?
Thanks,
Patrick