|
Why? |
This refers to homes that are more: • energy efficient • water efficient • resource efficient • durable • healthy • comfortable than standard homes. Why green homes? The features in green homes can 1) save homeowners money, 2) create healthier homes (increasingly important in times of rising asthma rates) and 3) create more comfortable homes in which to live. But if appraisers don’t recognize and identify the features of green (superior, high-performance) homes, it follows that the valuation of those homes could be less than comprehensive. The guide is not meant
to be a complete repository of green information. Rather, it touches lightly
on green topic, and then acts as a portal for appraisers interested in
researching more comprehensive information. |
|
Who? |
This guide was created
by real estate journalist Kathy Price-Robinson, who has written extensively
for the Los Angeles
Times, Valuation
Magazine, Journal
of Light Construction, Remodeling
Magazine, Professional
Remodeler, Urban
Land Magazine, Multifamily
Trends, and many other publications. Read more |
|
When? |
The idea for this
guide came several years ago after the author wrote an article
about Energy Star for Valuation Magazine,
a publication of the Appraisal
Institute. At the time, it became clear from interviews with appraisers
that appraisers were largely unfamiliar with high-performance homes, also
known as “green” homes. |
|
How? |
After the Valuation
Magazine article on Energy Star was published, Kathy applied for a grant
from The Appraisers Research
Foundation (TARF) to create a guide to green building that would be
helpful to appraisers. The grant proposal was accepted, resulting in this
guide. (To apply for a research grant from TARF, click here.) |
|
What now? |
This guide can be used
as a reference by appraisers who are appraising homes with green features.
That means features that are more energy efficient, water efficient, resource
efficient, durable, comfortable and healthier than standard homes. Eventually all homes may be labeled for energy efficiency, healthiness and resource conservation much like packaged foods now contain nutrition labels. When all homes are labeled, the appraisal process of such homes will be simpler. Already, homes are being certified “green” by several organizations, such as the U.S. Green Building Council, Energy Star and the National Association of Home Builders. Eventually, all homes may be certified. Until all homes are labeled or certified, it is up to conscientious appraisers to learn about the green features already in homes. Hopefully, this guide will help. |
|
Food for Thought |
Once an emerging trend, green building has become a growing part of today's construction industry. — McGraw Hill Construction Green is a market differentiator for builders - 40% of builders state that green makes it easier for them to market their homes. — McGraw Hill Construction |
|
Photo information |
The hallway shown
above is in a “green” home in Santa Barbara, California. The green features
in this hallway include natural daylighting (to cut down on use of artificial
lighting), compact fluorescent light bulb in fixtures (to cut down on energy
use) spray-foam-insulated walls and attic (to save on cooling and heating
bills), flooring made of wood certified to be environmentally harvested, and
paint that contains no toxic fumes (no VOCs). |
|
Contact |
Contact the author at kathyprice@aol.com |