---
title: "Valuation of Residential Property Under Construction"
url: "https://legal.ge/en/service/valuation-advisory-services-en/valuation-of-residential-property-under-construction-en"
field: "Valuation & Advisory Services"
description: "Professional valuation for under-construction residential property in Georgia. Find certified valuers and advisory specialists on Legal.ge."
reviewed: "2026-07-09"
updated: "2026-10-14"
publisher: "legal.ge"
---

# Valuation of Residential Property Under Construction

> Source: legal.ge, https://legal.ge/en/service/valuation-advisory-services-en/valuation-of-residential-property-under-construction-en

## Expert Valuation of Under-Construction Residential Properties in Georgia

The valuation of a residential property under construction is a specialized and critical service within Georgia's dynamic real estate market. Unlike valuing a completed building, this process involves assessing the future worth of a property that does not yet fully exist. It requires a comprehensive analysis of architectural plans, construction progress, market projections, and developer credibility. This service is essential for a wide range of clients, including individual buyers seeking mortgages for off-plan apartments, investors analyzing the potential return on a new development, and financial institutions managing the risks associated with construction loans. A professional valuation provides a clear, data-driven assessment of both the property's current value in its incomplete state ("as-is") and its projected market value upon completion ("as-if-complete"). This dual perspective is fundamental for making informed financial decisions, securing necessary funding, and mitigating the inherent risks of investing in real estate development projects in Georgia.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/valuation-advisory-services-en/valuation-of-residential-property-under-construction-en

### Why do I need a valuation for a property that isn't even built yet?

A valuation for an under-construction property is crucial for several reasons. Banks require it to approve mortgages, as it assesses the future asset's value that will secure the loan. For investors, it verifies the purchase price, projects potential returns, and identifies risks associated with the developer or project.

### What's the difference between "As Is" and "As If Complete" value?

"As Is" value represents the property's worth at the time of inspection, including the land value and the cost of the construction work already completed. "As If Complete" value is the estimated market value of the property once it is fully finished according to the architectural plans and specifications.

### What documents are required for this type of valuation?

Typically, the valuer will need the architectural plans and drawings, the valid construction permit, the land title extract (cadastral code), the purchase agreement or contract with the developer, and technical specifications for finishing materials.

### How can a valuer be sure of the final quality and completion?

While no one can guarantee the future, a professional valuer mitigates this risk by analyzing the developer's reputation and track record, reviewing the legal permits, and ensuring the "As If Complete" value is based on the specifications in the legal contract. The valuation report will clearly state all assumptions made.