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

| Oct 25, 2012

Philadelphia councilmen move to crack down on contractors working without licenses, permits

Two Philadelphia city councilmen are trying to crack down on the "underground economy" of developers and contractors who work without licenses and permits, pay cash under the table, and operate unsafe job sites.

| Oct 25, 2012

OSHA and NIOSH offer Spanish version of nail gun safety document

The Occupational Safety and Health Administration and the National Institute for Occupational Safety and Health have made available a Spanish version of “Nail Gun Safety - A Guide for Construction Contractors.”

| Oct 25, 2012

AGC holding webinar on sequestration’s potential impacts on the construction industry

AGC will hold a free webinar on sequestration and its potential impact on federal construction contractors on Nov. 7.

| Oct 25, 2012

Nashville providing incentives for green roofs

The city of Nashville, Tenn., is promoting the installation of green roofs through a measure providing a $10 reduction in a property's sewer fees for every square foot of vegetative roof.

| Oct 25, 2012

Net Zero buildings will use operating systems like computers to save energy

As buildings become more efficient and begin to use distributed electricity generation, they will need to become “smarter,” using operating systems much as a computer does.

| Oct 18, 2012

Princeton, N.J. residents upset over proposal to exempt colleges from land use laws

Princeton, N.J. residents criticized proposed legislation that would exempt private colleges and universities from following local land use laws for construction projects.

| Oct 18, 2012

Utah contracting firm challenges state immigration law

Universal Contracting LLC of American Fork, Utah, has filed suit challenging the constitutionality of Utah’s 2011 immigration law.

| Oct 18, 2012

More than 65,000 construction, design jobs may be cut if sequestration takes place

About $2 billion worth of construction and design projects would be eliminated if scheduled federal budget cuts, referred to as sequestration, take effect on Jan. 2, 2013.

| Oct 18, 2012

OSHA investigating parking garage collapse that kills four at Doral, Fla. college

OSHA is investigating the collapse of a five-story concrete parking garage under construction at Miami Dade College West Campus in Doral, Fla. that killed four workers and injured several others.

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