If you haven’t heard yet there are new tools to help boost appraiser’s competency related to appraising buildings with green features. Besides the numerous resources and trainings now offered by the Appraisal Institute (http://www.appraisalinstitute.org/education/green/default.aspx), the Residential Green and Energy Efficient Addendum gives lenders, underwriters, appraisers, buyers, and/or agents a tool to accurately describe a property’s “green” features.
These
features can be anything related to green building, sustainable building,
renewable energy or energy efficiency. The advantage of this new addendum is
the ability to capture a wide variety of these often overlooked features in one
place. The addendum can be filled out by the builder, the energy rater, the
homeowner, or the appraiser. Ideally, the person who is most familiar with the
project’s “green” features needs to supply the necessary information for the
addendum. When completed, the Residential
Green and Energy Efficient Addendum can be attached to the Uniform
Residential Appraisal Report.
Click here to download the Residential
Green and Energy Efficient Addendum. To learn more about how to use the information included on the Residential Green and Energy Efficient
Addendum as a tool to appraise
“green” homes, stay tuned to our next blog.
