STR impact on appraisal

[Danielle Du Plooy]

Hi all,

Unfortunately, I am currently undergoing some legal battles with my HOA regarding the operation of short term rentals. I am considering offering a sunset clause meaning when I sell my house the right to operate the home as a STR will cease upon sale. I do not plan on selling, but this may help convince the HOA to grandfather me in. My question is- does the ability to operate as a STR impact home value? I can imagine it may be quicker/easier to sell but cannot see it actually impacting the value of the house as it is still residential and not a commercial asset.

Thank you!

Danielle 

[Dave Stokley]

Appraisals will not consider STR income/potential, so from that perspective it does not affect the value of the home.