• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Condominium (wood vs carpet)

I can't belive the HOA is spendidng money hiring an appraiser for this. Unless the judge is a moron, they would throw the case out. Speaking of which, a judge might make a ruling like split the difference just to make this go away.

Calling Judge Judy.

40k to convert a one-car garage made into a bedroom back into a garage ?? Is the garage door still in place or was it removed? Though it does not really matter what a buyer spends to retrofit the garage, the owner did not get the price he wanted; and it was their decision to take the price. If the unit was upgraded 20 years ago, it is outdated by now -

Bottom line, what is the seller;s complaint - that the board has a must carpet upper level rule ? The builder chose to ignore it. That the board made him dsilse it to the buyer? The builder should have dissloed it anyway.

Judge - I am fining everyone involved in this for general idiocy.
 
A must Read, are the By Laws - then again, some folks just do what they want and when a problem comes up, they're ready to file a suit. There is also a chain of command, get the board's approval and limit the nonsense. But, in the long run, we are dealing with Human Beings.....most ignore procedure, so let em lick boots...........hahahahaaaa
 
Was this all done before there was a hoa? Were there any rules in place at the time. Then i understand the nuances of this case if there were no rules when done.

If it was done after the hoa was installed, how did nobody notice the garage change or rehab noise that was going on. Most hoa seem to be like the fbi, know every little thing going on. If it was done after the rules were established, then tough luck for the owner who did it for their own personal benefit.

Hey, you like my garage, now bedroom, conversion. Not really, i like the garage better. And the seller thinks the hoa caused a loss in value by having the carpet rule. And you be the dopey appraiser who may agree these items could have made it more valuable, while breaking their rules. Now i agree with some here. Get your foot out of this bear trap. You are valuing an illegal use, so it a hypothetical value.

Do this appraisal, or not. Run rabbit run, is my advice. This is so convoluted that there are many people involved, any of whom will not like your opinion. Then sent to the state who may pick you apart and fine you to death for all the little mistakes you made.

Although, i am confused about what and for whom you are doing this for, and it's purpose. The argument seems more like a hoa condition rule issue. Not a loss of value from an illegal use/doing.
 
Last edited:
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top