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:

Introduction Module 

Module 1. What Is Residential Upzoning and Why Should Appraisers Care?

• 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 

Module 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  

Module 3. Regulations and Requirements 

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

Module 4. Analyzing a Property with an 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 

Module 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 Module

Assignments:

NA

Equipment:

None

Additional Information:

Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page. 
1. Click "Education and Events" on the right navigation menu. 
2. Find the course under the “Online Courses” heading and click the “Begin” button. 
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

Other Details:
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

Requirements:

Online Education FAQ

None

None