The bank does their quesstimate based off the builder's plans.
Exactly, they're looking at house and shop plans, property etc. We are hoping we have some equity in the work we've already had done, power, well, septic etc. What we are worried about is if it doesn't appraise high enough we will have to come in with a big down payment. We were told the improvements would offset that, we'll see if the banker was painting a rosy picture or not.