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

University Buildings | May 30, 2015

Texas senate approves $3 billion in bonds for university construction

For the first time in nearly a decade, Texas universities could soon have some state money for construction.

Multifamily Housing | May 30, 2015

Energy Department releases resources to assess building energy benchmarking policies, programs

The new handbook demonstrates methodologies using real data from New York City.

Codes and Standards | May 27, 2015

Construction industry concerns with ‘Waters of the U.S.’ rule remain

EPA and Corps of Engineers rule may lead to a longer, more expensive permitting process

Codes and Standards | May 22, 2015

Rapid growth for environmental insurance in construction industry

The U.S. Environmental Protection Agency is paying closer attention to intrusion of potentially harmful vapors into commercial and residential buildings.

Codes and Standards | May 22, 2015

Roof collapse at Minnesota water park highlights failure to enforce codes

Rural areas say they can’t afford to enforce state-adopted building code.

Codes and Standards | May 22, 2015

U.S. House scuttles EPA plan to expand definition of waters in Clean Water Act

Construction industry officials said the rule would hamper developers, cost jobs.

Codes and Standards | May 22, 2015

First EPD covering PVC water and wastewater piping published

Benchmarks impacts of seven PVC pipe products across their life cycles.

Office Buildings | May 18, 2015

New ASHRAE standard offers test method to determine heat gain of office equipment

The standard will aid engineers in configuring cooling systems in office buildings.

Codes and Standards | May 7, 2015

Widespread damage from Nepal earthquake due to poor implementation of building code

Nepal’s code author says destruction was ‘inevitable.’

Codes and Standards | May 7, 2015

Lavish residential skyscrapers prompt concern over shadows

New York, San Francisco, Washington, D.C., and Boston among cities grappling with height regulations.

boombox1
boombox2
native1

More In Category

Sustainability

Grimshaw launches free online tool to help accelerate decarbonization of buildings

Minoro, an online platform to help accelerate the decarbonization of buildings, was recently launched by architecture firm Grimshaw, in collaboration with more than 20 supporting organizations including World Business Council for Sustainable Development (WBCSD), RIBA, Architecture 2030, the World Green Building Council (WorldGBC) and several national Green Building Councils from across the globe.




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