Valuation Overview of Accessory Dwelling Units

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Who should enroll Residential appraisers
Description
NEW IN-PERSON SEMINAR PREMIERING DECEMBER 10!  

Many markets are reporting a housing shortage particularly in the affordable housing sector.  As a result, municipalities are updating their zoning laws to allow one or more accessory dwelling units (ADUs) to be added to single-unit housing. If you are an appraiser involved in residential valuation where ADUs are part of this growing trend, this seminar is for you. It provides an overview on ADUs focusing on the description, legal concerns, valuation methods, and techniques needed to value them. You’ll learn about the valuation challenges and discover how the recent changes in the secondary mortgage market selling guidelines now provide more guidance and flexibility in valuing and financing ADUs. This seminar will help you complete appraisal assignments with ADUs competently.

Objectives
  • Understand the role ADUs play in the housing market.
  • Identify reasons ADUs are commonly added to an existing improvement.
  • Recognize characteristics of the most common buyers and renters of ADUs.
  • Apply the appropriate highest and best use analysis for ADUs as improved properties.
  • Identify the zoning criteria that may limit ADUs.
  • Understand secondary mortgage market appraisal guidelines and government appraisal guidelines and requirements.
  • List data challenges that complicate the assignment.
  • Solve short ADU dilemmas using valuation methods.

 
Prerequisites None


Click below for details of state approval hours for this program

Program State Approvals
  • Attended Only:

    35.00
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  • Attended Only:

  • Attend and Pass Exam:

    0.00
  • Attend and Pass Exam:

  • Attend and Pass Exam:

  • Pass Exam Only:

    0.00
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  • Pass Exam Only:

7 hours
No
No
N/A
Intermediate


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