We have an accepted offer on a \u00e2\u20ac\u0153fixer-upper\u00e2\u20ac\u009d in habitable shape, and are really nervous about the appraisal process. Forgive me if these are rookie questions, but this is our first house. The first issue that makes us nervous is that the building has a CofO for 2 fam, but is currently set up as a 3 fam (sort-of \u00e2\u20ac\u201cI’ll explain). The questionable \u00e2\u20ac\u0153unit\u00e2\u20ac\u009d has no bathroom with direct access to the unit, but it does have a tiny, but complete kitchen (stove, sink, fridge). The bathroom opens to the common hallway. We intend to use it as a 2 family. I’ve seen posts about nonconforming uses, so I don’t think this situation is unusual. However, none of those posts address the appraisal issue. Have any of you obtained a mortgage in this situation?
\nThe second issue is that there is some unfinished work. Specifically, one bathroom has no ceiling. The good news is that we can see the work that needs to be done up there. The bad news is that it looks scarey to an appraiser. These are problems that any buyer would face, so you’d expect the seller to want to remedy them. Again, we’re prepared to do a lot of work to the house, but we’re worried about the appraisal.
\nThanks for any advice and experience you can offer.<\/p>\n","protected":false},"excerpt":{"rendered":"
We have an accepted offer on a \u00e2\u20ac\u0153fixer-upper\u00e2\u20ac\u009d in habitable shape, and are really nervous about the appraisal process. Forgive me if these are rookie questions, but this is our first house. The first issue that makes us nervous is that the building has a CofO for 2 fam, but is currently set up as…<\/p>\n","protected":false},"author":73831,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[76],"tags":[],"districts":[],"class_list":["post-48735","post","type-post","status-publish","format-standard","hentry","category-appraisals"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2010\/09\/effect-of-3-fam\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Effect of 3 fam use in 2 fam building on appraisal?","url":"http:\/\/www.brownstoner.com\/forum-archive\/2010\/09\/effect-of-3-fam\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2010\/09\/effect-of-3-fam\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Appraisals","author":[{"@type":"Person","name":"Brickstoner"}],"creator":["Brickstoner"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2010-09-18T08:15:42Z","datePublished":"2010-09-18T08:15:42Z","dateModified":"2010-09-18T13:08:46Z"},"rendered":"