Not All ‘Green’ Created Equal

The popularity of green building continues to rise, as more property owners opt for green features. However, green features can often be difficult to classify, and can be even harder to value. [Read more…]

Consumer Interest in Solar on the Rise: Appraisers Must Keep Up

Recent signs show the popularity of green home features is growing, and solar power is no exception. 2012 saw the demand for solar panels more than double, with the U.S. poised to become one of the biggest markets. Along with reduced costs for consumers and better environmental implications, this rapid growth in popularity also ushers in a whole new set of terminology and valuation issues for appraisers evaluating solar features. [Read more…]

What is the Value of ‘Green’?

An academic study released last year found that homes with green labels provide a market premium of 9 percent compared to similar homes without the labels.

The study, “The Value of Green Labels in the California Housing Market,” examined how green and energy efficient features impacted the sale price of homes in California. It was published by Nils Kok, Maastricht University, Netherlands/University of California, Berkeley; and Matthew E. Kahn, University of California, Los Angeles.

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