Tag Archives: accounting for energy efficiency in appraisals

The nation’s largest professional association of real estate appraisers announced its support for federal legislation that would improve the mortgage underwriting process by ensuring appraisers are provided relevant property information relating to green and energy-efficient features. The Appraisal Institute expressed its backing of the recently introduced Sensible Accounting to Value Energy Act of 2013. “We… Continue Reading

Picture this, adding “energy” to the long-standing formula of key expenses—principal, interest, taxes, and insurance—to calculate how much money someone could potentially borrow from a bank to buy a home. Imagine, a home’s ability to capture savings in heating and cooling and electricity costs factoring into that house’s relative value—including location, square footage, and other… Continue Reading