New Construction & Progress-Draw Appraisals in Ottawa
Builder, self-build, and infill construction appraisals in Ottawa — as-if-complete valuation, draw inspections, and cost approach.
New construction appraisals in Ottawa are typically order…
New construction appraisals in Ottawa are typically ordered as an as-if-complete opinion of value based on approved plans, specifications, and a fixed-price contract or detailed cost breakdown.
Progress-draw inspections follow the initial appraisal at…
Progress-draw inspections follow the initial appraisal at agreed construction milestones — usually excavation/foundation, framing/lock-up, drywall/finish, and final. Each draw is a short-form inspection report to the lender.
Cost approach carries real weight in Ottawa new-build work
Cost approach carries real weight in Ottawa new-build work: land value plus depreciated replacement cost of improvements provides a floor and a check on the sales-comparison conclusion.
Local drivers in Ottawa
Local drivers in Ottawa: Deep intra-neighbourhood comparable pool keeps standard mortgage reports at the low end of the range. Development charges, lot levies, and municipal fees differ across neighbouring municipalities and belong in the cost workup.
Turnaround runs 3
Turnaround runs 3–7 business days for the initial appraisal; each draw inspection is generally 2–4 business days once scheduled.
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