Find Your Local Green Real Estate Appraisers.
The Appraisal Institute (AI) is a global association of real estate appraisers that promotes the professionalism, education, ethics, standards and methodologies of real property appraisals.
They have created a separate designation for license appraisers who specialize in the valuation of sustainable properties called “Valuation of Sustainable Buildings”. The program is done with the US Green Building Council (USGBC) and covers the whole building from:
- Building Envelope
- Water Efficiency
- Indoor Air Quality
- Energy Rating
- Walking Score
- Public Transportation
- Site Orientation
The benefits of a Green/Energy Efficient Appraisal is that you get a local professional who specializes this area. They recognize the additional value it adds to the house, realize the monthly savings in utilities and maintenance and thus can apply those values back into the appraisal of the home.
In California they did a survey of Green homes sold and these homes over a period of time average a 9% increase in sales price compared to same size homes in the area.
Energy Efficient Mortgages are another benefit of Green Homes were the program lets borrowers finance the cost of energy efficient improvement into their new mortgages because of the cost savings that the efficient energy improvements create. The result in an EEM is it helps you finance Energy Improvement and/or increases your buying power.
David Popoff is a license Connecticut Real Estate Broker specializing in Sustainability in lower Fairfield County, Connecticut.
DMK Property Management llc a locally owned company serving lower Fairfield County, Connecticut.
Specializing in Residential Property Management that can custom tailor a program to fit the homeowners needs be it short term or long term from rental management to full estate management.