Environmental Archive

High-performing Homes: New Source on Local Incremental Cost Data

Summary: Lack of time, information, and resource has made it difficult for appraisers to factor green building into their valuations. Now, the Northwest Energy Efficiency Alliance has released a means for appraisers to gather incremental green cost data locally....

Valuing Energy Efficiency in Appraisal and Underwriting

In March, a joint study by the University of North Carolina at Chapel Hill Center for Community Capital and the Institute for Market Transformation (IMT) found that owners of ENERGY STAR-rated homes are one-third less likely to default on...

Free Market, Liability, and Greening an MLS

In the world of residential valuation, a green-built, energy-efficient, or high-performance new home or retrofit is essentially invisible to the consumer if the MLS doesn’t support green fields (i.e., fields in the MLS data form that enable the listing...

The Foundation Wants You!

The Appraisal Foundation’s (TAF) Appraisal Practices Board (APB) put out a call for subject matter experts (SME) on the valuation of green buildings. According to the release, the SME panel will “research and cite all pertinent sources of existing...
March 21, 2012

It Ain’t Easy Going Green

One of the challenges with greening residential real estate has been appropriately valuing such features in the appraisal process.  According to the National Mortgage Professional, “Home builders and others have complained that appraisers often don’t properly take into account...
January 25, 2011

It’s Greenday

On this Earth Day we choose to play Peacemaker and take a break from the “he said-she said” that is going on between appraisers and real estate agents.  We’ll pretend today we’re all in this together and focus on...
April 22, 2010

Appraisers Hinder ROI on Green Retrofits

Improving the energy efficiency of one’s home is beneficial for a variety of reasons but one may not include improving the home’s value.  Most agree that energy retrofits are good for the environment and save homeowners on utility bills...
February 5, 2010

Appraising Green Features in Residential Homes

Yesterday, RealtyTimes ran an article about a unique partnership between BP and Shea Homes. The joint initiative, called Victoria Gardens by Shea Homes, is part of the builder’s efforts to reducing the carbon footprint of its homes. The homes...
September 18, 2008