Appraising Condos, Co-ops, and PUDs


Single-family attached homes like condominiums, cooperatives, and townhouses are the primary housing option in many urban markets. New construction detached houses are typically in subdivisions and master plan communities. Age-restricted communities are popular with retirees. Most of these developments have one thing in common: they all have associations which are governed by condominium declarations, bylaws, and/or covenants, conditions, and restrictions which affect the bundle of rights. The first part of this seminar builds the foundation for the discussion on appraising residential properties in community associations. You’ll learn why it is necessary to know how to identify the property type, why it is important to have a full understanding of the governing documents, why you need to understand where it is located, and why it’s critical to analyze the market. From there, you’ll examine the four specific groups of community organizations: condominiums, cooperatives, planned unit developments (PUDs), and condominium hotels.  
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Program State Approval & Hours

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Who should Enroll

  • Residential appraisers


  • Identify the differences between condominiums, cooperatives, and planned unit developments.
  • Understand how the bundle of rights is affected by the ownership rights associated with these property types.
  • Understand how condominiums, cooperatives, and planned unit developments fit in the valuation process.
  • Discover which questions to ask when collecting data for condominiums, cooperatives, and planned unit developments.
  • Provide credible assignment results to your client and intended users.




No Exam



Appraisal Institute CE Points

Attend: 35 AI Points

Class Time

7 hours


Online Program: Please note that participants must complete mandatory assignments and exercises in the program. Feedback will be at the discretion of the instructor. If you have questions or would like to request specific comments on your submitted assignment or exercise, please contact the instructor. Please allow up to 5 days for the instructor to reply to your review request.

Program Overview

Required and/or Recommended Equipment


System Requirements

Additional Information

Classroom & Synchronous

Seminar Materials Include:

  • Seminar Handbook (404 pp.)
  • Pre-Class Memo (1 p.)
  • Downloads (985 KB)

Online Course Access
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Other Details:
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