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

Codes and Standards | May 2, 2022

Developer Hines, engineer MKA develop free embodied carbon reduction guide

Real estate management and investment firm Hines has released the Hines Embodied Carbon Reduction Guide. The free guide, produced with Magnusson Klemencic Associates (MKA), is the result of a two-year effort, relying on MKA’s industry-leading knowledge of carbon accounting and involvement in programs such as the Embodied Carbon in Construction Calculator (EC3) Tool.

Codes and Standards | Apr 28, 2022

Architecture firm Perkins&Will to deliver ‘carbon forecasts’ for clients

Global architecture firm Perkins&Will says it will issue its clients a “carbon forecast” for their projects.

Codes and Standards | Apr 27, 2022

White House guidance on Buy American for infrastructure includes waiver process

Recently released guidance on the Buy American provision within the $1.2 trillion Infrastructure Investment and Jobs Act released by the Office of Management and Budget includes a waiver process.

Multifamily Housing | Apr 26, 2022

Investment firm Blackstone makes $13 billion acquisition in student-housing sector

Blackstone Inc., a New York-based investment firm, has agreed to buy student-housing owner American Campus Communities Inc.

Codes and Standards | Apr 25, 2022

Supply chain constraints, shifting consumer demands adding cost pressures to office fit-outs

Cushman & Wakefield’s 2022 Americas Office Fit-Out Cost Guide found supply chain constraints and shifting consumer demands will continue to add pressure to costs, both in materials and labor.

Legislation | Apr 21, 2022

NIMBYism in the Sunbelt stymies new apartment development

Population growth in Sunbelt metro areas is driving demand for new apartment development, but resistance is growing against these projects.

Codes and Standards | Apr 18, 2022

Dept. of Energy has RFI on funding cost-effective updated energy codes implementation

The U.S. Department of Energy (DOE) Building Technologies Office (BTO) has issued a request for information regarding funding cost-effective implementation of updated building energy codes.

Legislation | Apr 14, 2022

Defense Dept. building largest 3D-printed structures in Western Hemisphere

The U.S. Department of Defense is constructing three barracks at the Camp Swift Training Center in Bastrop, Texas that will each be the largest 3D-printed structures in the Americas.

Wood | Apr 13, 2022

Mass timber: Multifamily’s next big building system

Mass timber construction experts offer advice on how to use prefabricated wood systems to help you reach for the heights with your next apartment or condominium project. 

Codes and Standards | Apr 13, 2022

LEED multifamily properties fetch higher rents and sales premiums

LEED-certified multifamily properties consistently receive higher rents than non-certified rental complexes, according to a Cushman & Wakefield study of two decades of data on Class A multifamily assets with 50 units or more.

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