The 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.