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 | Jun 12, 2018
Congestion pricing for cars is effective in reducing traffic, but a difficult sell
After three years, traffic congestion declined by 30% in London.
Codes and Standards | Jun 11, 2018
First RFP requiring modular construction on New York City housing project issued
Part of Housing 2.0 modular construction initiative.
Codes and Standards | Jun 6, 2018
Buffalo, N.Y., contractor exec pleads guilty to fraud for bid rigging on $750 million contract
LPCiminelli stops functioning as GC in fallout from the case.
Codes and Standards | Jun 6, 2018
LEED should be updated to combat climate change
Hasn’t kept pace with urgency of problem, says clean energy investor.
Codes and Standards | Jun 5, 2018
Sports stadiums and arenas showcase sustainability features
Green venues save owners money, gain positive publicity.
Codes and Standards | Jun 4, 2018
L.A. must transition to cleaner energy, boost transit to reach sustainability goals
City aims to reduce GHGs 60% by 2035 and 80% by 2050.
Codes and Standards | Jun 4, 2018
Washington D.C.’s flattened skyline can be a virtue
Zoning ordinance that ties building heights to width of streets dictates form.
Codes and Standards | May 30, 2018
Silicon Valley cities considering taxes aimed at large employers
The aim is to offset the impact on housing costs and homelessness by tech companies.
Codes and Standards | May 30, 2018
OSHA proposes new crane operator safety rule
Would provide long-term clarity on certification requirements.
Codes and Standards | May 29, 2018
Government support helping to drive demand for green building materials
Market projects to grow 12.5% annually between 2013 and 2019.