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

| Mar 18, 2014

Canadian wood industry pushes for ‘wood first’ legislation on mid-rise public projects

The wood lobby is pushing Canadian provinces to pass “wood first” legislation specifying wood framed structures as the default for mid-rise public works projects where warranted.

| Mar 13, 2014

USGBC hits back at Environmental Policy Alliance criticism

The Washington, D.C.-based Environmental Policy Alliance has launched a campaign to make the claim that LEED-certified buildings are less energy efficient than other buildings. In response, USGBC told its members: "Don’t be fooled, the Environmental Policy Alliance isn’t the 'EPA' you might think."

| Mar 13, 2014

North Carolina board recommends switch to six-year code update cycle

In a nine to six vote, the North Carolina State Building Code Council on March 11 approved moving the commercial building code (except for the electrical code) to a six-year cycle for updating instead of a three-year cycle.

| Mar 13, 2014

OSHA’s funding disclosure requirement for those offering silica rule comments draws ire

The Occupational Safety and Health Administration is requiring those who submit comments on the silica rule to disclose their funding sources for their scientific research to avoid conflict of interest.

| Mar 13, 2014

EPA publishes ‘best management practices’ rule on erosion, stormwater at construction sites

The Environmental Protection Agency published a new rule this month that will require the construction, housing, and utility sectors to carry out "best management practices" in order to prevent erosion and harmful stormwater discharges at construction sites.

| Mar 5, 2014

San Francisco board seeks remedies to code enforcement complaints

Two supervisors charged that a lack of adequate code enforcement has led to blight from dilapidated or unfinished buildings. 

| Mar 5, 2014

Obama proposes $1 billion for climate change risk mitigation

President Barack Obama would spend $1 billion to “better understand the projected impacts of climate change,” encourage local action to reduce future risk, and fund technology and infrastructure that will be more resilient to climate change.

| Mar 5, 2014

Southern Forest Products Assn. revamps pressure-treated pine specifications

It provides information to assist with the proper specification and use of pressure-treated Southern Pine materials. 

| Mar 5, 2014

UL, PRI Construction Materials Technologies reach product certification agreement

Underwriters Laboratories (UL) Inc. reached an agreement with PRI Construction Materials Technologies LLC (PRI) through which PRI will participate in UL's "Data Acceptance Program," enabling the acceptance of data generated at PRI toward UL product certification.

| Mar 5, 2014

Quebec's building code doesn't meet needs of its aging population

The issue was raised in the wake of a tragic fire at a seniors' residence in L'Isle-Verte. 

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