Valuation Overview of Accessory Dwelling Units

Date: September 20, 2022

Location: Zoom, NC


Sponsor:
North Carolina Chapter
Contact:
Ms. Sandy Hower
Phone:
(704)940-7392
Email:
executive.director@ncappraisalinstitute.org
Name:
Zoom Meeting
Address:
Zoom
Zoom, NC 28204
Instructors:
Joyce B. Pusey, SRA, AI-RRS

Continuing Education
Class Time: 7 hours
Exam Hours: N/A


     

Notes

NEW SEMINAR!  

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

Experiences

Cancellation Policy

  • Up To 14 days prior to program start date, $30.00 cancellation fee.
  • 7 - 13 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.


Cancellation Clause

All cancellations must be submitted writing via e-mail at info@ncappraisalinstitute.org. Confirmed participants should not assume that cancellation has been granted until confirmation has been received. No refunds 7 days or less prior to event.

The North Carolina Chapter of the Appraisal Institute (NCAI) is not responsible for students' non-refundable airline reservations or other travel costs.

NCAI reserves the right to cancel, limit, or reschedule the program and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any nonrefundable airline reservations.

Additional Information

CE Credit: NC Appraisal Board Approved for 7 Hours 

*Students seeking CE credit for this course from a state other than North Carolina are responsible for confirming with that state’s licensing board that this course will be accepted. The North Carolina Chapter recommends students check before registering*

PHOTO ID REQUIRED: Students will need to send a photo (ex: driver license photo) to executive.director@ncappraisalinstitute.org after registering. Our instructor will be verifying photo identification of students during roll call at the beginning and throughout the class. This is a requirement, and you will not receive credit if we do not have a photo to verify your identification with. 

IMPORTANT: Our instructor must be able to see/hear you and you must be able to see/hear the instructor. Video must remain on throughout the entire class. Zoom Meeting allows student/instructor interaction through video/audio and the chat function. This is a requirement, and you will not receive credit if you do not have video/audio capabilities to see/hear the instructor/allow the instructor to see/hear you. 

CLASS MATERIALS: Students are responsible for downloading or obtaining hard copies of the class materials. If downloading, please download before the class. Materials can be found in your Appraisal Institute account.

REQUIRED EQUIPMENT: Internet Access, Computer with Webcam/Camera, Microphone and Speakers. 

ZOOM: This course will be hosted using Zoom, a cloud platform for video, voice, content sharing, and chat runs across mobile devices, desktops, telephones, and room systems. Click here for tutorials about how to join a Zoom meeting and connect your audio and video. Zoom Technical Support can be found here.

National Disclaimer