Green Appraisal Addendum Gets New Boost

Filed in Codes and Regulations, Home Building by on December 19, 2014 3 Comments

leafonplansThe Home Innovation Research Labs, which certifies homes and developments to the ICC 700 National Green Building Standard (NGBS), has completed an agreement with the Appraisal Institute to license the Residential Green and Energy Efficient Appraisal Addendum.

The institute developed the addendum to help ensure that home appraisals reflect home performance – a practice that NAHB has long advocated for.

Builders in Home Innovation’s NGBS Green program will receive a completed addendum for every certified single-family home, and are encouraged to add information about the home’s green and sustainable features before providing the addendum to the appraiser assigned to the home.

The documents are designed to help ensure that home appraisals reflect high-performance features and lowered operating costs.

Real estate appraiser Sandy Adomatis, who wrote Residential Green Valuation Tools for the Appraisal Institute, also has contributed a Home Innovation blog post on why the addendum is a powerful communication tool for builders of green certified homes.

Learn more about the use of the addendum and refer to the Home Innovation website for news about upcoming webinars on real estate and green appraisal topics.

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Comments (3)

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  1. tim says:

    Will thus reign true for all third parry green and energy efficient certification or just for the nahb green building standard?

  2. Ron Hughes says:

    RESNET recently partnered with the Appraisal Institute to open its database of thousands of HERS rated houses that can be searched for comps via HERS index score, city, streets, neighborhoods, etc. This is goldmine of “comps” appraisers can used to value energy efficiency and green features of homes and a good reason in itself for builders to get their new homes energy rated. Over 2 million houses have been energy rated in the U.S.

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