The Appraisal Gap: Why Does My Custom Home Cost More To Build Than My Lender’s Appraised Value?
This is a very relevant and important question to consider when getting a loan to build a custom home since lenders will typically only loan a percentage, usually 80-85%, of the appraised value of the property. The question has become even more important as record inflation has impacted the construction industry over the last few years, driving labor and material prices to historical