Appraisal: New Construction

Plans/Specs Appraisal

Used for new construction to review plans and specifications to determine estimated market value

Provides general description of subject's exterior, foundation, basement and insulation

Calculates room count and actual square footage for GLA

Notes condition of improvements, depreciation, repairs needed and quality of construction

Provides sales comparison analysis grid with indicated value by sales comparison approach

Uniform Residential Appraisal Report (URAR) FNMA 1004

Most comprehensive collateral assessment product offered by Jungroth Appraisal

Considers market value trends, supply and demand and marketing times

Provides indicated value by cost approach

Provides a sales comparison analysis grid with indicated value by sales comparison approach

Detailed comparable grid includes fence, pool, porch, patio, deck, garage/carport, heating/cooling and functional utility

Quantitative adjustments to comparable sales

Estimates a specific market value

Appraisal Update and/or Completion Report FNMA 1004D

Update to a previous appraisal that was prepared subject to completion of repairs or incomplete items

Notes items completed or still need to be completed since time of original appraisal

Same appraiser performs reinsertion who completed original appraisal report