We own a SFR that has a mother-daughter layout so we're trying to get some clarification prior to listing our home for sale so we can bypass any unforeseen hiccups down the road. When you walk in through the main entrance you can go left to the mother / main part of the home, or you can walk down the hallway and make a right into the second part of the home. The main part of the home has 3 bedrooms, 2 baths, kitchen, all the standard stuff. The daughter / other side of the home has a kitchen as well, bedroom, living room and another bathroom. It is legally a SFR on paper and not a 2-unit.
A little backstory, we refinanced our home in 2012 and our loan officer told us that the 2nd kitchen could create an issue with the appraisal. He instructed us to remove the stove, cap the gas line, move the stove to the garage, and cover it with a tarp. Everything went smooth and the appraiser listed the 2nd kitchen as a great room.
As of right now the stove is back in place and fully functional as a 2nd kitchen, we also put in a refrigerator. So my question is this: Will a 2nd kitchen with a functional stove create an conflict with FNMA or FHLMC guidelines when it comes time for the buyer to have the home appraised or have any negative impact in general?
A little backstory, we refinanced our home in 2012 and our loan officer told us that the 2nd kitchen could create an issue with the appraisal. He instructed us to remove the stove, cap the gas line, move the stove to the garage, and cover it with a tarp. Everything went smooth and the appraiser listed the 2nd kitchen as a great room.
As of right now the stove is back in place and fully functional as a 2nd kitchen, we also put in a refrigerator. So my question is this: Will a 2nd kitchen with a functional stove create an conflict with FNMA or FHLMC guidelines when it comes time for the buyer to have the home appraised or have any negative impact in general?