Residential Upzoning: New Challenges and Opportunities for Residential Appraisers

After satisfactorily completing this program, participants should be able to: 

• Explain Upzoning and how it is impacting the residential landscape. 
• Describe the appraisal fundamentals are necessary to competently analyze an upzoning scenario. 
• Recognize applicable licensing and assignment requirements/expectations.

Program Overview:

SYLLABUS 

Introduction 

• Introductory Remarks and Program Overview 

Part 1. Upzoning Overview 

• What is Upzoning? 
• Upzoning Growth and Examples 
• Middle Housing 
• Challenges for Residential Appraisers 
• Population Tiers 
• Major Transit Stops, Minimum Lot Size, and Parking 
• CICs (PUDS)/HOAs/Condos 
• Conclusion/Summary 

Part 2. Upzoning Appraisal Fundamentals 

• The Basics 
• H&BU and Market Analysis 
• Market Analysis: 
  • Formal Components 
  • Marketability Study 
  • Neighborhood Analysis 
  • Keep it Simple 
• Highest and Best Use Analysis 
• Common Concerns
• Fundamental Analysis 
• Inferred Analysis 
• H&BU Question 
• License Question H&BU, Market Analysis, and Upzoning 
• Conclusion/Summary 

Part 3. Regulations and Requirements 

• Regulations 
• Communicating Assignment Results 
• Fannie Mae and Freddie Mac 

Part 4. Analyzing a Property with Upzoning Overlay 

• Introduction 
• H&BU and Reasonably Probable 
• Transitions 
• Practical Application: 
  • Assumptions 
  • Data Gathering 
  • Analysis 
  • Statement of Work 
  • Highest & Best Use: As Vacant / As Improved 
  • Density and Maximally Productive Use 
  • Highest and Best Use 

Part 5. Documentation and Examples 

• Affordable Housing 
• Market Analysis Examples 
• Highest and Best Use Statement Examples 
• Cost Approach 
• Market Analysis Checklist 
• Subdivision Analysis 
• Redevelopment Project Financing 

Conclusion 

• Q&A and Closing Remarks

Equipment:

AI National Synchronous Participation Requirements:

All students are required to have a computer, webcam, and microphone capability to participate and receive continuing or qualifying education credit where approved.

It is the student’s responsibility to have the required equipment to participate and receive credit. Visit the System Requirements for Attendees and Share Webcam pages for help.

Additional Information:

Important Pre-class Download: 
For the best learning experience, it is recommended you download the program materials prior to class and come prepared to take notes. You can either print the handbook or bring a laptop with materials saved where they can be easily accessed.

Materials may be obtained by logging onto the Appraisal Institute website. (Click on the three horizontal lines to the left of the AI logo and select “My AI Account” from the drop-down menu.)

Location: 
This course will be held via live interactive classroom technology. 

State Credit: 
A course may NOT be approved in every state for every delivery format. For example, some states do NOT allow any virtual education. When registering for any Appraisal Institute course, all participants will be required to check state approvals based on delivery format. For more information, see our state approvals page. 

Connection Information: 
Several minutes after you receive your Appraisal Institute receipt email, you will receive a second email from GoToTraining which will include instructions on connecting to the live session and a link to a small download of the GoToTraining software. The software runs on almost all operating systems and popular browsers. Connection email reminders are sent at specific intervals: 1 week, 1 day, and 1 hour prior to the live session start time. If you do not receive the connection information, please check your junk, spam, or quarantine folders. For questions, please email customerservice@appraisalinstitute.org or call (312) 335-4100. Note: Work devices with strong VPNs or firewalls have trouble connecting to GTT systems. It is recommended to use your personal device or to reach out to your organization’s IT department for assistance prior to the first session.

Requirements:

None

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None