Valuation Overview of Accessory Dwelling Units

Description

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. 
 
Check out this preview as Sandy Adomatis, the seminar developer, and Dawn Molitor-Gennrich, one of the seminar reviewers, provide more information about this program!
 
 
 
Sponsor Date Location Delivery Format Check
State Approvals
 
Southern California Chapter February 16, 2023 Ontario, CA Classroom  Check Register
Chicago Chapter March 10, 2023 Evanston, IL Classroom  Check Register
Massachusetts/Rhode Island and Maine Chapter March 29, 2023 Reading, MA Classroom  Check Register
Wisconsin Chapter April 24, 2023 Milwaukee, WI Classroom  Check Register

Program State Approval & Hours

Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.

View all approvals for this course

Who should Enroll

Residential appraisers

Objectives

  • Understand the role ADUs play in the housing market.
  • Identify reasons ADUs are commonly added to an existing improvement.
  • Recognize the most common uses 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

Exam

No Exam

Level

Intermediate

Appraisal Institute CE Points

Attend: 35 AI Points

Class Time

7 hours

Assignments

No

Program Overview


Required and/or Recommended Equipment

None

System Requirements

None

Additional Information

Seminar Materials Include:
  • Seminar Handbook (264 pp.) 

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