[Greenbuilding] Appraisers for true green home value

[John Salmen]

Identifying a project as 'green' has the potential of lowering appraisal
values if a significant portion of the proposed construction is risk
associated or unproven technology. That said appraisals are based on local
sales of comparable housing (meaning footage/appearance/amenities). If the
project is in an area where comparable green housing exists (?) then that
can be a factor - otherwise not. People that have needed an appraised value
to secure a mortgage have faced the reality of cutting back on intangible
green amenities. It seems to be changing though. 

 

USGBC has some initiatives developed with the appraisal institute.  I think
this includes some upgraded forms that appraisers can use to identify energy
features. Locally we have the Vancouver accord http://vancouveraccord.org/
and the site has some links to various appraisal associations that may be
worth contacting. I've not seen significant improved valuation on larger
scale residential but then that market has little room for improvement in
any sense.

 

I feel that green initiatives are either WET (wealthy environmental
titillation) or DRY (do it with the resources you have). Difference being
that 'true value' is irrelevant or it is something that can be achieved at
comparable cost - though increased design expense.

 

 

 

From: Greenbuilding [mailto:greenbuilding-bounces at lists.bioenergylists.org]
On Behalf Of Jason Holstine
Sent: March-05-13 6:51 PM
To: healthyhomebuilding at yahoogroups.com; Greenbuilding Listserv
Subject: [Greenbuilding] Appraisers for true green home value

 

Anybody have any leads, contacts, directories or associations who can help
find an appraiser that can look past simple comps to put a true value on a
deep green home and/or proposed new construction?

Thanks,


Jason Holstine

Amicus Green Building Center
"Sustain Your Space"
Member - USGBC, GreenAmerica, NARI, NAHB
e: jason at amicusgreen.com
w: www.amicusgreen.com
p: 301-571-8590
tf: 866-587-9140
f:  301-571-8597

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