Real Estate Appraisers Must Learn To See Green Value

"A challenge for green finance is the ongoing struggle among appraisers and underwriters to understand the value and risk of sustainability."--Scott Muldavin, Executive Director of the Green Building Finance Consortium in San Rafael, CA. 

Looks like real estate appraisers are jumping on the green movement.  They were in Austin earlier this week learning how the green movement is affecting their job.  If they don't adapt with the current building environment (obtain proper green certification, attend green trainings), they are likely to lose money and business.  If I were building a green building, I would be darn sure to hire an appraiser that knew how to value all of the components of my structure (i.e., solar panels, geothermal, etc)and then take the sum of its parts and get me a quality valuation done, backed by accurate reports and documentation.  Green building components aren't always cheap and you want that to be reflected in the market value.  It is not as simple as pulling "comps."  For many regions, comparables on green buildings don't exist...yet.  

++Appraisers Look At Measuring The Value Of Green [Austin Business Journal]
++Banks Cultivate Green Loans [usgbc.org]

Comments

[Family Footprint]

yah this makes it really hard to get financing for green building