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 | May 8, 2018
Powerhouse coalition builds energy positive buildings
The goal: build buildings that provide more power than they cost to build, run, and demolish.
Codes and Standards | May 7, 2018
Plan advances in Los Angeles for Climate Emergency Mobilization Department
Would oversee efforts to reduce greenhouse gas emissions across the city.
Codes and Standards | May 3, 2018
Data collection, machine learning boost building efficiency
Sensors, software algorithms squeeze out waste.
Codes and Standards | May 2, 2018
Energy Department releases Updated EnergyPlus and OpenStudio building energy modeling tools
The tools can now accept input in epJSON format.
Codes and Standards | May 1, 2018
ASHRAE publishes new energy simulation-aided design standard
Requires building energy modeling during schematic design.
Codes and Standards | Apr 30, 2018
CALGreen projects pre-approved for streamlined LEED v4 requirements
Reduces need to run additional energy models.
Codes and Standards | Apr 26, 2018
New standard supports community resilience
ASTM International guidance supports cost-effective ways to withstand and recover from disasters.
Codes and Standards | Apr 25, 2018
Lessons learned from decades of Superfund cleanups guide contaminated land reuse
Sites repurposed for residential, commercial use, and solar energy generation.
Codes and Standards | Apr 24, 2018
Vibrant downtown core the key for urban multifamily development
Nighttime activity makes the difference.
Codes and Standards | Apr 19, 2018
ILFI launches new Zero Carbon Certification
Offers greater flexibility around project fuel types and offsetting renewables.