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Occupancy on second home.help

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Mutyger

Thread Starter
Member
Joined
Jul 9, 2004
Professional Status
Certified Residential Appraiser
State
Missouri
I am inspecting a property tomorrow that the owner has this as a second home. This is not rented out and is used as a weekend home and for hunting during hunting season. Since this is not the owner's primary residence how do I list the occupancy of it since technically its owner occupied but only a handful of days a months.

Thanks
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
I am inspecting a property tomorrow that the owner has this as a second home. This is not rented out and is used as a weekend home and for hunting during hunting season. Since this is not the owner's primary residence how do I list the occupancy of it since technically its owner occupied but only a handful of days a months.

Thanks

I own a similar home in Kitty hawk, NC. It is never rented. We have some food in the refrigerator, clothes in the closet, beds stay made, it is fully furnished, and has utilities on. I consider it to be owner occupied. No one else can occupy it.

Just disclose the fact that it is a second home.
 

Richard Carlsen

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Michigan
The question is not; "Who is the full time occupant of the property?" The question is, "Who normally occupies the property?" If it is a second or recreational house for the owner, then the owner is the occupant. Multiple ownership does not negate occupancy. A person is not restricted to only being called "Occupant" on their primary house.

Stop reading things into the questions. It makes life hard and confusing.

If you want to cover your tail, just add this notation to the report:

" All indications noted by the appraiser in preparation of this report are that the property is owner occupied and is so noted in the report. However, the author did not and could not verify this fact as there was no contact with the home owner and the interior of the property was either not viewed or nobody was present at the time of the inspection of the subject. If there is a question about occupancy, the client is advised to discuss this directly with the owner. "

Now it become a SEP. (Somebody Else's Problem)
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
If its not used as a rental, then it is is owner occupied. We have a lot of overnight rentals here in East TN and most of them are used as a second home a few weeks out of the year and then rented the rest of the year.
 
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