appraisal

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A Move Toward More Helpful Appraisals

Home buyers in some states will see the HERS Index listed on the appraisal form

Posted on Mar 16 2017 by Scott Gibson

Developers of the Home Energy Rating System and the Appraisal Institute are teaming up to give home buyers a better understanding of how much it will cost to live in the houses they're interested in buying.


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Image Credits:

  1. Kathy Kimpel / CC BY 2.0 / Flickr

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Rooftop Solar Makes Houses Worth More

A new study should give appraisers new tools for pegging the value of residential photovoltaic systems

Posted on Nov 16 2015 by Scott Gibson

A study by the Lawrence Berkeley National Laboratory two years ago found that homebuyers would pay $15,000 more for a house if it came with an average-sized photovoltaic(PV) Generation of electricity directly from sunlight. A photovoltaic cell has no moving parts; electrons are energized by sunlight and result in current flow. (PV) array. A new study comparing sales of homes with and without PV in six states has come up with essentially the same result.


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Image Credits:

  1. Lawrence Berkeley National Laboratory

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Helping Owners of Green Buildings Get a Fair Appraisal

The Appraisal Institute and the Institute for Market Transformation have published a new guide for building owners and developers

Posted on Jan 22 2014 by Scott Gibson

Building owners and developers who want to get the most market value from the investments they make in green building features are the intended targets of new recommendations published jointly by the Institute for Market Transformation and the Appraisal Institute.

Green Building and Property Value is directed at those about to retrofit an existing building as well as those planning to construct new buildings with high-performance energy features.


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Pending Bill Would Help Appraisers Value Energy Efficiency Features

A measure under consideration by the U.S. Senate could make it easier to borrow money for energy-efficient homes

Posted on Jul 3 2013 by Scott Gibson

Real estate appraisals that don't give enough credit for energy-efficiency measures are frequently lambasted by industry critics and homeowners who have trouble recouping the extra investment they've made. A bill in the U.S. Senate could change that.


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Image Credits:

  1. Public domain

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Putting Value on Green Enhancements

An appraisal trade group develops a 'green addendum' to quantify green-building features and set credible property values

Posted on Mar 29 2013 by Scott Gibson

One potential sore point for homeowners spending lots of money on energy-saving features like extra insulation and solar panels is that any added value for the house can be overlooked or ignored by real estate appraisers, selling agents and mortgage lenders.


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Seeing Red on a Green Property Appraisal — Part 3

Freddie Mac and Fannie Mae require appraisers to note any energy-efficiency upgrades on their appraisal forms — but are silent on the question of how these upgrades should be valued

Posted on Dec 3 2012 by Roger Normand

[Editor's note: Roger and Lynn Normand are building a Passivhaus in Maine. This is the 17th article in a series that will follow their project from planning through construction.]

Getting an appraisal to value green enhancements requires the appraiser to take two actions: (1) To recognize and list the green enhancements on the appraisal form; and (2) To assign a value to these enhancements.


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Image Credits:

  1. Chris Briley

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Seeing Red on a Green Property Appraisal — Part 2

How to work with your appraiser to document the value of green upgrades

Posted on Nov 20 2012 by Roger Normand

[Editor's note: Roger and Lynn Normand are building a Passivhaus in Maine. This is the 16th article in a series that will follow their project from planning through construction.]

If you have read my previous blog (“Seeing Red on a Green Property Appraisal – Part 1”), you know that the appraiser failed to list or value any of the green/energy efficient aspects of EdgewaterHaus. Does it matter?

Absolutely!


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Seeing Red on a Green Property Appraisal — Part 1

Is a net-zero-energy house that meets the Passivhaus standard worth more than an ordinary house?

Posted on Nov 14 2012 by Roger Normand

[Editor's note: Roger and Lynn Normand are building a Passivhaus in Maine. This is the 15th article in a series that will follow their project from planning through construction.]

I am seeing “red” on what’s supposed to be a “green” residential property appraisal.

No, I’m not color blind, although my wife Lynn says I am “seriously color challenged” for my occasional fashion faux-pas. Perhaps so.


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Image Credits:

  1. Martin Holladay

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