30 Mar '13, 1am

Putting Value on Green Enhancements

One potential sore point for homeowners spending lots of money on energy-saving features like extra insulation and solar panels is that any added value for the house can be overlooked or ignored by real estate appraisers, selling agents and mortgage lenders. In a recent Washington Post column , author Ken Harney characterized this problem as a "chasmal disconnect in the marketplace." Not only do appraisers lack training in how to set accurate values on green homes, Harney said, but a "vast majority" of multiple listing services make no efforts to list a property's green features. So, even as a majority of consumers say they are interested in energy-saving features in the houses they buy, the marketplace doesn't have an effective way of making that information available or factoring it into selling prices. Against this backdrop, the Appraisal Institute, a professional trade...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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