If you're considering adding an accessory dwelling to your property, there's a good chance you're interested in the impact it could have on your property value. This consideration is especially important if you are taking out a loan or refinancing your mortgage to add an accessory dwelling.
Before getting into the details of how appraisals work for accessory dwellings, here’s a look at what exactly an accessory dwelling is and how it can affect the value of your property: Read More
First and foremost: appraisals are opinions, and everybody has one. The distinction being that appraisers render a professional opinion. Reports by licensed appraisers are certified as meeting the Uniform Standards of Professional Practice. The value reported must conform to the legal definition and concept of “market value.” Read More