Understanding and Appraising Properties with Accessory Dwelling Units

摘要

Properties with permitted ADUs have been widely misunderstood by real estate professionals. Besides the social and environmental benefits they may provide, ADUs have legitimate income potential, and when income is the basis for valuation, perceptions of the value of these properties can change substantially. Appraisers requiring an alternative or counterpoint to the sales comparison approach for properties featuring ADUs can gain insight through the income approach, helping them develop more credible and consistent valuations for this emerging form of development.