The Appraisal Institute continues its thought leadership related to “green” valuation, and for appraisers looking to expand their business, abundant opportunities exist in this area. That’s the topic of the On Point column in Valuation magazine’s third quarter 2018 issue.
Appraisal Institute Green Addendum
By Sandra K. Adomatis, SRA, LEED Green Associate
The AI Reports® Residential Green and Energy Efficient Addendum has a new look and enhancements that make it more useful in the real estate industry. As building science changes the way homes are built, the Addendum also must change to remain relevant.
The appraisal form 1004 used by the mortgage industry does not address the current building methods or terms, and the use of the Addendum empowers appraisers to meet the appraisal standards in describing the property type and relevant characteristics.