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New Appraisal Institute Form Helps Analyze New ‘Green’ Commercial Properties

CHICAGO (Feb. 11, 2015) – The

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nation’s largest professional association of real estate appraisers today released a form intended to help analyze values of commercial buildings’ energy efficient features. It is the first of its kind intended for appraisers’ use.

The Appraisal Institute’s Commercial Green and Energy Efficient Addendum offers a communication tool that lenders can use as part of the scope of work. The addendum also assists investors in communicating the construction features of the property that impact income. Appraisers, builders, energy modelers, green certifiers, architects and investors should use the addendum even if a property is not certified green by a formal certifying organization but does possess green features. The water and energy efficient features are key to a higher net income and appraisers should take care to identify these features.

“The market has many different ideas of what makes a property green, and this addendum will assist in understanding actual green features,” said Appraisal Institute President M. Lance Coyle, MAI, SRA. “After the construction of a building, the construction features are often forgotten and the blueprints and specifications are often misplaced or overlooked.”

The addendum can be completed in its entirety, or qualified individuals can use only the pages that apply. Appraisers are required to have sufficient knowledge of these features to review the addendum completed by others and deem it credible to meet Uniform Standards of Professional Appraisal Practice standards for work relied upon by others.

The Appraisal Institute long has been the leader in green valuation. In addition to its Commercial Green and Energy Efficient Addendum, the Appraisal Institute has demonstrated its leadership in green and energy efficient valuation in many other ways.

For more, please visit the The Appraisal Institute 

Written by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.