flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

First valuation advisory for green and high performance property adopted

Codes and Standards

First valuation advisory for green and high performance property adopted

Guidelines for appraisers to value green buildings, energy efficient features


By Peter Fabris, Contributing Editor | July 6, 2015
First valuation advisory for green and high performance property adopted

The document provides voluntary guidance to appraisers on the background and competency necessary to credibly value green buildings.

The Appraisal Practices Board (APB) of The Appraisal Foundation has released the first of three Valuation Advisories related to the valuation of green buildings: “The Valuation of Green and High Performance Property: Background and Core Competency.” 
 
The document provides voluntary guidance to appraisers on the background and competency necessary to credibly value green buildings and/or energy-efficient features. The Advisories are part of a joint project with the United States Department of Energy (DOE) to develop guidance and educational materials for appraisers on green valuation. 
 
“The Valuation Advisory adopted on June 2 is an important first step in providing real property appraisers with the knowledge and tools they need to value both commercial and residential green buildings in a competent and ethical manner,” said Rick Baumgardner, Chair of the Appraisal Practices Board. “We’re very excited to adopt two additional Advisories in the coming months that will further provide appraisers with guidance on the recognized methods and techniques related to green valuation.”
 
These Advisories will offer guidance to appraisers so they will be able to provide appraisals in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), the Congressionally-authorized standards for real property appraisers. Over the coming months, the APB will adopt Advisories focused on the valuation of green residential properties, as well as green commercial, multifamily and institutional properties. To view the Advisory, visit:  https://appraisalfoundation.sharefile.com/d-s5f8aa66a58a41f09

Related Stories

| Jan 30, 2012

ZigBee and ISO 50001: Two new standards to make buildings greener

These developments demonstrate the dynamic nature of the market and the continued need for development of program standards of many different types that help builders and owners translate high performance and sustainable buildings goals into practical measures on the ground.

| Jan 30, 2012

New firm-fixed-price rules on federal contracts impact construction industry

Contractors will need to be on the lookout for policies such as the Contractor Accountability for Quality clause.

| Jan 30, 2012

Roofer’s fatal plunge demonstrates need for fall-prevention regulations

“The biggest problem is getting our workers to use the equipment,” says Michael J. Florio, executive director of the organization.

| Jan 26, 2012

Tampa moves to streamlined online permitting system

The system will replace an inefficient patchwork of old software and is designed to provide businesses, homeowners, and contractors with online access to permitting and licensing information.

| Jan 26, 2012

EPA to collect more data, seek comments before finalizing mud rule

The EPA says it will seek more data and is accepting comments until March 5.

| Jan 26, 2012

Industry challenges Connecticut's suit over defective construction work

The dispute arose over multimillion-dollar leaks at the University of Connecticut's law library.

| Jan 26, 2012

Earthquake 'fuse' could save buildings during temblors

The idea is to use an earthquake "fuse" that can prevent the tiny fractures and warps that make structures unsafe after a quake and very expensive to repair.

| Jan 26, 2012

HPD open materials standard for green building materials gains momentum

GreenWizard, provider of a cloud-based product management and project collaboration software, is the latest industry participant to sign on

| Jan 26, 2012

Siemens launches smoke detection knowledge center

New knowledge center web site demonstrates efficacy of smoke detection. 

| Jan 18, 2012

Chile's seismic code upgrades credited with saving lives in 2010 quake

Since 1960, when Chile suffered a 9.5 magnitude quake, the largest ever recorded; the country has steadily improved building codes to protect lives and property.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021