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Higher appraisal for standard one family or mother/daughter?

Looking to refinance in near future, but concerned if house will appraise as high as Zillow value (which would be fine).  Would the same house be appraised higher as a mother/daughter than a straight single-family?  Would the refinance be different?
  • July 12 2009 - Brewster
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Answers (3)

If you are asking whether a home with 5 bedrooms and 3 bathrooms will appraise higher than a home with 4 bedrooms and 2 bathrooms the answer is probably yes.
  • July 14 2009
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Diana:  Please see the thread about self promotion and understand why your post has been flagged for violation.
  • July 12 2009
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Many times houses that have legal apartments, or are set up as mother/daughter's, will appraise higher than single family homes.  Several other factors are consideed in determining the value including: area/neighborhood, condition of home, upgrades/improvements made, acreage, etc.  If you would like a comparative market assessment ("CMA"), which is not as indepth as an appraisal, but gives you an estimate of your home's value by comparing similar homes that sold in your general vicinty.  Best of luck with the refinance!
-Diana

[content removed by moderator for being self promotional]
  • July 12 2009
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