HORIZONTV FEATURING BD+C: WATCH EPISODES ON DEMAND AT HORIZONTV

𝕏

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.

Continue Reading

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

Tags

Related Stories

Eletric vehicle charging port

Codes and Standards | Oct 6, 2021

Intl. Code Council publishes EV and building codes resource

Assists communities in setting policies for electric vehicle charging requirements.

Hospital hallway

Codes and Standards | Oct 5, 2021

Feds award $1 billion to renovate health centers

Funds will modernize existing infrastructure and cover other COVID-19-related capital needs.

Boston Skyline

Codes and Standards | Oct 4, 2021

Boston City Council approves mandate for major emissions cuts for large buildings

Applies to buildings 20,000 sf or larger—about 4% of city’s buildings.

Recycle symbol

Codes and Standards | Oct 4, 2021

HPD Collaborative and Green Seal to align standards

Will result in expanded options for manufacturers to enhance sustainability reporting and certifications.

Roof truss

Codes and Standards | Sep 30, 2021

U.S. has a deficit of 5 million homes

Builders unable to keep pace with demand.

Log pile

Codes and Standards | Sep 29, 2021

Mass Timber group study will compare structural round timber to glulam products and steel

Will compare costs, capabilities, and carbon impacts of structural materials.

Boston, Massachusetts

Codes and Standards | Sep 28, 2021

Massachusetts creates Commission on Clean Heat

First-of-its kind body to set targets for buildings to reduce emissions from heating fuels.

Grass and dry land during a drought

Codes and Standards | Sep 27, 2021

Commercial real estate industry faces SEC climate disclosure regulations

Risks associated with climate change would have to be revealed.

buildings

Codes and Standards | Sep 22, 2021

Group proposes Carbon Use Intensity metric for new buildings

Plan would track embedded carbon on projects.

Chicago skyline along the lake

Codes and Standards | Sep 22, 2021

Illinois’s sweeping climate bill includes statewide stretch code, building electrification measures

Aims for zero-emissions power sector by 2045.

Top Articles

Building Team

Registration open! 2024 Women in Residential+Commercial Construction Conference, September 18-20, Phoenix

University Buildings

University of Louisville Student Success Building will be new heart of engineering program

Healthcare Facilities

Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025

More In Category

MFPRO+ News

More permits for ADUs than single-family homes issued in San Diego

Popularity of granny flats growing in California

Codes and Standards

New York City code update changes definition of a major building

Changes affecting how construction projects in New York City are permitted will have significant impacts for contractors. On Dec. 11, the definition of a major building in the city’s code will change from 10 stories to seven, or 75 feet. The change will affect thousands more projects.

Government Buildings

GSA adopts new accessibility guidelines for federal properties

The U.S. General Services Administration (GSA) adopted a new rule with new accessibility guidelines for federal buildings. The rule establishes that pedestrian facilities in the public right-of-way are readily accessible to and usable by people with disabilities.

Office Buildings

Office vacancy peak of 22% to 28% forecasted for 2026

The work from home trend will continue to put pressure on the office real estate market, with peak vacancy of between 22% and 28% in 2026, according to a forecast by Moody’s.

Most Popular Content