The Appraisal Institute has released a form intended to help analyze values of commercial buildings' energy efficient features.
The 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 can use the addendum if a property has green features even if it is not certified. Water and energy efficient features are keys to a higher net income, and appraisers should take care to identify these features, the institute says.
"The market has many different ideas of what makes a property green, and this addendum will assist in understanding actual green features," said 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 form is a concise document that records green features for easy reference.
Related Stories
Codes and Standards | Oct 28, 2019
U.S. military demands landlords address health hazards in troop housing
Air Force threatens formal dispute process.
Codes and Standards | Oct 24, 2019
ASHRAE design contest winners demonstrate building resilience
Model building, a city hall, could operate without utility service for two weeks.
Codes and Standards | Oct 22, 2019
Efficient material design, low-carbon concrete are critical to cutting GHG emissions in construction
Enhancing building utilization and reusing materials also aid carbon reduction.
Codes and Standards | Oct 21, 2019
Historic properties not exempt from Americans With Disabilities Act
Some exceptions do apply.
Codes and Standards | Oct 18, 2019
St. Louis could save $61 million per year in energy costs by improved building performance
GHG gases can be reduced by at least 11% with upgrades to public buildings and large private buildings.
Codes and Standards | Oct 17, 2019
Slow payments cost GCs and subs $64 billion annually
Study finds 51-day average payment turnaround.
Codes and Standards | Oct 16, 2019
Cool pavement can make people hotter
Reflective coatings channel sunlight raising temperatures where pedestrians walk.
Codes and Standards | Oct 15, 2019
Utah adopts 2018 International Energy Conservation Code
Provisions include increased building envelope performance and reduced air infiltration.
Codes and Standards | Oct 14, 2019
States continue to beef up energy efficiency codes
ACEEE 50-state scorecard finds latest IECC code gaining adherents.
Codes and Standards | Oct 9, 2019
DOE releases Better Buildings Healthcare Financing Primer
Outlines financial strategies to implement energy-efficiency projects in healthcare.
