[Greenbuilding] Appraisers for true green home value

gennaro brooks-church gennarobc at gmail.com
Tue Mar 5 22:10:31 CST 2013


That is a hard one. Most appraisals are for banks who dont care for the
same things home buyers care for. I know here in Brooklyn a brownstone with
nice garden landscaping would get the same mortgage as a similar building
with concrete covering the yard. As for green stuff - fugedaboudit!

Gennaro Brooks-Church
EcoBrooklyn.com
347-244-3016
22 2nd St., Brooklyn.
This email was sent from my phone.

On Mar 5, 2013, at 11:00 PM, John Salmen <terrain at shaw.ca> wrote:

Appraisers for true green home value

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<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
*<image001.gif>
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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