Appraised Value & Energy Efficiency: Getting It Right
The Vermont Green Home Alliance (VGHA), through its member associations, is distributing Appraised Value and Energy Efficiency: Getting It Right to building design professionals, builders, home performance contractors, appraisers, lenders, and real estate agents. VGHA wants all to have an opportunity to prepare for the increasing level of high performance new home construction and existing home energy efficiency improvement happening in Vermont.
Developed by the Appraisal Institute and Building Codes Assistance Project (and since endorsed by the National Association of Home Builders), this short piece explains to real estate professionals and lenders why the appraisal of high performance homes is a complex appraisal assignment and, for architects, builders, and home performance contractors, how to proactively prepare customers for loan applications and appraisals.
The Vermont Green Home Alliance is an informal alliance of collaborating trade organizations and businesses that operates on a consensus basis. VGHA is working to educate real estate professionals about energy issues and to share accurate energy efficiency and green building information with the real estate market through the multiple listing service (MLS).
A more in-depth article VGHA adopted to guide this project is Unlocking the Value of An Energy Efficient Home: A Blueprint to Make Energy Efficiency Improvements Visible in the Real Estate Market.