Appraisals for ADUs have always been tricky. Here is a new guide to help appraisers, real estate agents, and finance professionals understand current “best practices” for appraising ADUs.
In most markets, financing the construction of ADU’s is notoriously difficult. When constructing an ADU, you need to have all the cash upfront to pay a contractor for the cost … Continue reading
Today the Appraisal Journal publishes a research paper about residential properties with accessory dwelling units (ADUs). The paper describes an income-based method for appraising properties with ADUs, and concludes that … Continue reading
A quick note about language here. One reason people get so confused, and perhaps heated, about accessory dwellings is that language about them is confused. The different names conjure up … Continue reading
As a mortgage broker in the Portland area for almost 8 years, I’ve learned “the harder I work, the luckier I get” is really true. In this instance hard work … Continue reading
[update Nov. 2012: the paper, including updated results, is out in Appraisal Journal... click here] This year I’ve been working with appraiser Taylor Watkins of problem of appraising properties with … Continue reading
[Kol Peterson attended Martin Brown and Taylor Watkin’s presentation on appraising ADUs and came away with these notes about how appraisal issues affect homeowners. For Martin’s summary of the event, … Continue reading
(Update January 2013: please note that the research on which the following piece was based has now been published in Appraisal Journal. Please read the full text of that article … Continue reading