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Updated over 2 years ago,
Determining value of detached guest house
Alright Im a bit confused here on how much value this guest house can add to the property.
So the main house is a 2 bed 1 bath 856 sq ft with a detached 1 bed 1 bath guest house is the back yard measuring at 342 sq ft. This seller was renting the guest house at $750 a month while living in the main house.
The question is how do I determine the value of this guest house and how it affects ARV on this house when this is the only property in the area that has a detached guest house.