suzannnicole
Freshman Member
- Joined
- Jan 26, 2013
- Professional Status
- General Public
- State
- Florida
How do we classify our in-law suite? We are zoned single family property. The in-law cottage is a 550 sq ft detached structure about 20' away from the main house. It shares an electric meter. Its 12 x 12 "kitchen" has no range so therefore isn't officially considered a 2nd kitchen on the property. It has 1 bedroom, 1 bath, living/dining, and unofficial kitchen (no range). When we bought it, it was not livable, and was listed as a "detached garage." With proper permitting, we converted it into insulated "heated living space" and had the structure rezoned accordingly. Do we add the sq ft to the "heated living space" of our main house? Do we add the bed and bath to our count (was a 3/1, now a 4/2)?
And a 2nd but related question, how do we figure out market value if there are no comparable properties? Double lot, same sq ft, same detached apt, etc.
And a 2nd but related question, how do we figure out market value if there are no comparable properties? Double lot, same sq ft, same detached apt, etc.