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October News from National Association of Homebuilders

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New Addendun for 'Green' Features Could Lead to Fairer Appraisals NAHB has long argued that home appraisals need to take into account the added value that energy-efficient, "green" features provide for new home buyers, and we've frequently discussed this issue with the Appraisal Institute and other industry stakeholders. For their part, appraisers have noted that local real estate listing documents rarely provide details on energy-efficient improvements, or are incorrect when they do. So it was welcome news when the Appraisal Institute recently published a much needed, three-page Residential Green and Energy Efficient Appraisal Addendum that's designed to be attached to any standard appraisal report covering a property with significant green features. In addition to basic sections covering insulation, windows, lighting, heating, air conditioning and solar power, the form also lets users report other environmentally friendly features such as water-saving devices, reclamation systems and special landscaping, plus such attributes as the property

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  • Joanne Loftus
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