Monday, October 10, 2011
APPRAISALS FOR GREEN HOMES (At Last!)
A cut and Paste from "Home Energy Pros": The Appraisal Institute recently released a three-page form called the Residential Green and Energy Efficient Addendum to collect information about energy efficient and green features, such as insulation values, efficiencies of heating and air equipment, high peformance windows, geothermal heat pumps, ENERGY STAR qualification or a HERS Rating, etc. The form is meant to be used by appraisers, lenders, home energy raters and builders. The Appraisal Institute is encouraging Fannie Mae and Freddie Mac to use the form and even request it from appraisers. This form should be extremely helpful by somewhat formalizing the process, and also by educating all of the stakeholders.
Posted by Rich Williams at 1:59 PM