November 25, 2014 | Upper Marlboro, MD
Public Comment Period Open for Appraisal Practices Board’s Voluntary Guidance on High Performance Properties
Opportunity for Green Homes to Be More Appropriately Valued in Appraisals
The Appraisal Foundation’s Appraisal Practices Board has released the third-exposure draft of its Valuation of Green and High Performance Property: Background and Core Competency guidance document for evaluating green residential buildings.
The document is the first release of a three-part series on green and high performance properties. Subsequent documents will focus on commercial, multifamily, and institutional properties.
Stakeholders in the home building industry, as well as appraisers and lenders, are encouraged to submit feedback on the draft documents before December 12, 2014. Home Innovation Research Labs intends to submit comments and encourages partners in our NGBS Green Certification program to consider doing so as well.
A copy of the document is available online for download. Written comments on this draft can be submitted by mail (Appraisal Practices Board, The Appraisal Foundation, 1155 15th Street, NW, Suite 1111, Washington, DC 20005), email, or fax (202.347.7727).
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ABOUT: Home Innovation Research Labs, located in Upper Marlboro, Md., is a full-service research, testing, and consulting firm determined to improve the quality, durability, affordability, and environmental performance of single- and multifamily homes and home building products – in short, we aim to perfect the home. Founded in 1964 as a subsidiary of the National Association of Home Builders (NAHB), our team has been integral in solving many of our client’s most difficult product and technology issues, and helping to introduce some of the most groundbreaking innovations in construction. Through an interdisciplinary research approach – including market research, building science analysis, laboratory testing, and standards development – we help to find a home for innovation in the construction industry.
NOTE TO EDITORS ON STYLE USAGE: To identify this company and its work correctly, first reference should be "Home Innovation Research Labs." In subsequent mentions, “Home Innovation” should be used; we are not identified by an acronym. Prior to February 12, 2013, the company was known as the NAHB Research Center.