Appraisal Institute issues guidelines on evaluating green property
Document meant to assist owners doing green building or green retrofits
The Appraisal Institute and the Institute for Market Transformation have issued guidelines for training property appraisers to evaluate green buildings. Seeking to assist owners who retrofit an existing building or build a new one with energy-efficient features, the two organizations issued “Green Building and Property Value: A Primer For Building Owners and Developers.”
“As owners and developers enhance buildings with energy-efficient features, appraisers can help make the case for green appraisal value,” said Appraisal Institute President Ken P. Wilson.