The Appraisal Institute Residential Green and Energy Efficient Addendum will help appraisers better understand the value of a home with consideration to its energy-efficient features. This will provide increased value, and likely demand, for homeowners seeking an energy rating of their home.
The Appraisal Institute Green Addendum will also serve as a tool for appraisers when selecting comparable sales for the property being appraised. If an appraiser had a completed Appraisal Institute Green Addendum on every high-performance house used as comparable sales, it would leave little question on the comparability of the data. The addition of this property evaluation method may aid in a more accurate valuation of the property.
Click here to view the Appraisal Institute Residential Green and Energy Efficient Addendum.