New Construction

Appraising new construction homes requires a nuanced approach, combining expertise in the market, technical proficiency, and a solid grasp of construction methods and materials. Nationwide's initiative to elevate the appraisal process for new homes is forward-thinking. By creating vetted appraiser panels consisting of appraisers that have the highest level of understanding when it comes to appraising new construction homes, we aim to ensure a higher level of accuracy and reliability in new home evaluations.This approach benefits all stakeholders in the process. For buyers, it provides assurance that their potential new home is appraised accurately, reflecting its true value and quality of construction. For lenders, it ensures that the property's value is appraised accurately which mitigates risk. And for the builder, it sets a benchmark of quality and value to build on for future growth and development.

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Our Approach to New Construction

Nationwide will lead a specialized approach to new home appraisals, potentially influencing industry-wide practices. Our approach highlights the importance of advanced training in appraisals, especially in sectors like new construction where details and standards can significantly differ from appraising existing properties.

Here's a detailed breakdown of why Nationwide is a leading AMC in new construction homes:

Understanding of Construction Processes:
Nationwide's new home appraisers understand the construction process, enabling them to identify the quality of workmanship, materials, and potential upgrades that might affect the property's value. We can assess the stage of construction and estimate the value upon completion.
Market Knowledge:
Nationwide's new home appraisers have in-depth knowledge of the local real estate market, enabling them to compare the new construction with existing or recently sold properties. We stay updated with market trends, understanding how various factors, like location and community features, affect property values.
Detailed Analysis:
Nationwide's new home appraisers perform a comprehensive analysis, considering factors such as square footage, design, amenities, and finishes, which are pivotal in new constructions. We will also consider factors like neighborhood growth and planned developments.
Objective Evaluation:
Nationwide's new home appraisers provide an unbiased assessment, crucial for new constructions where subjective opinions might overvalue or undervalue a property. We use standardized methods and tools to ensure consistent and objective evaluations.
Use of Advanced Tools:
Nationwide's new home appraisers utilize advanced tools and software for accurate measurements and assessments, which is particularly beneficial for new constructions. We can access detailed plans and specifications, aiding in a more precise appraisal.
Compliance with Standards:
‍Nationwide's new home appraisers adhere to strict standards and guidelines, ensuring that their appraisals for new constructions are compliant with legal and industry standards.This compliance is crucial for lenders and buyers who rely on accurate appraisals for decision-making.