Alaska Building Pros Learn the Ins and Outs of Green Building Valuation
Fair appraisals are critical to ensuring homes are valued at the right price based on the location, design and features of the home. Green building features, however, can be tricky to value appropriately if the appraiser isn't adequately equipped with the proper knowledge and tools to understand these components and how they impact the value of a home.
To increase awareness of energy programs and products available to not only appraisers, but builders, realtors, lenders and home buyers as well, the Interior Alaska Builders Association (IABA) hosted a Green Building Valuation Seminar for local professionals earlier this year.
The goals of the three-day seminar were to:
- Facilitate correct valuation of energy-efficient housing,
- Equip professionals with the Appraisal Institute’s Residential Green and Energy Efficiency Addendum,
- Inform lenders of their ability to make a difference in this industry-wide issue,
- Strengthen relationships between builders, real estate agents and lenders, and
- Offer participants the opportunity to discuss the complex issues and obstacles they face every day.