We bought a new build that will be completed end of August. This was a SPEC home with about 30k in upgrades and we added another 6k. We got an email today from the sales manager stating that due to the upgrades we need to be aware that the house may not appraise and we will have to make up the difference. We are first time home buyers and obviously my wife and I were freaking out. We spoke to our realtor, our lender, and the sales manager to try and gain some clarity since we didn’t actually add all of the upgrades (except for the last 6k). We live in a non disclosure state so it’s hard to see what other homes have sold for around us. When my wife and I were house hunting however, this home/floor plan/upgrades were nicer than 95% of the other homes we looked at in our price range. Plus we have a view of the mountains and no one can build behind us or on our left because of a park within the community. Is this just the home builder covering their ass or is this something I should be legitimately concerned about?
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source https://www.reddit.com/r/RealEstate/comments/n0uvu1/new_build_appraisal_help/
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