Monday, 30 March 2015

Masquerading As a Two-Family Home

nytimes.com - Photo

Credit Michael Kolomatsky/The New York Times

Ask Real Estate is a weekly column that answers questions from across the New York region. Submit yours to realestateqa@nytimes.com.

Value of a Single-Family Home

I own a two-unit house. My family and I occupy the top floors and we rent the garden apartment to a friend. Our certificate of occupancy, however, describes the house as a single-family home. In terms of resale, which would be more valuable: getting the certificate of occupancy updated or converting the downstairs space to be integrated with the rest of the house?

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