Green Building Seminar

[PL1957]

I just took "An Introduction to Valuing Green Buildings" taught by Theddi Wright-Chappell and Tim Lowe. Good seminar, lots of thought-provoking questions, good framework for looking at green buildings and value.

 

[Kulzer and Co]

I just took "An Introduction to Valuing Green Buildings" taught by Theddi Wright-Chappell and Tim Lowe. Good seminar, lots of thought-provoking questions, good framework for looking at green buildings and value.

I'm planning on taking that seminar in October. I'm really looking forward to it.

 

[Doug in NC]

I took a seminar on Energy Star homes through the AI. Although thought-provoking, unfortunately, it offered little insight into how to go about valuing green/energy efficient features. We make adjustments based on market evidence. Because this stuff is so new in most areas of the country, there is very little market data to draw on. I would like to attend a training on how to appraise based on projected energy bill savings. There obviously is value in owning a more affordable energy efficient house, but I don't want to be the one to stick my neck out to prove it.

The Government is pushing energy efficiency. If they don't want to slow it down, they need to come up with some new accepted appraisal practices and start teaching them to appraisers.

 

[PL1957]

I took a seminar on Energy Star homes through the AI. Although thought-provoking, unfortunately, it offered little insight into how to go about valuing green/energy efficient features. We make adjustments based on market evidence. Because this stuff is so new in most areas of the country, there is very little market data to draw on. I would like to attend a training on how to appraise based on projected energy bill savings. There obviously is value in owning a more affordable energy efficient house, but I don't want to be the one to stick my neck out to prove it.

The Government is pushing energy efficiency. If they don't want to slow it down, they need to come up with some new accepted appraisal practices and start teaching them to appraisers.

The one thing I walked away with from the seminar is that there are no "new" practices. The same factors that affect value for regular buildings affect them for green buildings as well. Differences in value are achieved by either the market being willing to pay a premium for a feature or by cost savings in operations.

 

[Non Sequitur]

Differences in value are achieved by either the market being willing to pay a premium for a feature or by cost savings in operations.

I don't know if anyone still uses it but the Freddie Mac 70A provides a formula for adjustments when there's no market data.

 

[Kulzer and Co]

The one thing I walked away with from the seminar is that there are no "new" practices. The same factors that affect value for regular buildings affect them for green buildings as well. Differences in value are achieved by either the market being willing to pay a premium for a feature or by cost savings in operations.

You hit the nail on the head right there. The burden to an appraiser is not to re-invent the appraisal process, but rather to recognize the emerging technologies and building characteristics in order to understand how they impact operating costs.

 

[John Horan]

I heard that PA gov wants "smart meters" implemented that have the ability for homeowners to monitor and control their own electric usage, however I don't know how much they would affect home values???