Hi Friends!
This is your Hard Money Lender in Tucson and the Southern Arizona area, Billy A. I found a great article published today I felt was worth sharing about the impact of ‘green’ features on home values:
Study to Gauge Impact of ‘Green’ Features on Home Values
Citing a need for data that could help appraisers value homes with green and energy-efficient features, an appraisal trade group is teaming up with the state of Colorado to assess the impact of energy efficiency and other “green” features on the value of existing homes.
The Appraisal Institute says a memorandum of understanding to work with the Colorado Energy Office to collect information and identify trends will also help consumers decide which improvements to pursue as they seek to maximize the value of their homes.
“Although energy improvements can have a significant impact on the total cost of owning real estate, a lack of recognition of potential value can prevent buyers and sellers from making cost-effective upgrades,” the MOU said.
Colorado Gov. John Hickenlooper and Appraisal Institute CEO Frederick H. Grubbe signed the document. Based in Chicago, the Appraisal Institute is a nonprofit association with nearly 23,000 members in nearly 60 countries.
The two parties will develop a curriculum for appraisers to learn how to value sustainable buildings; develop universal appraisal forms to report energy performance analyses on one- to four-unit homes; periodically assess the impact of energy efficiency on real estate values and return on investment across various property types; and educate homeowners about which improvements to pursue as they seek to maximize the value of their homes.
“Without relevant information and data, the stakeholders in real estate transactions are less able to consider energy use as a criterion to distinguish between properties in purchasing and selling decisions, diminishing recognition of possible benefits of energy-saving improvements,” the MOU said.
According to some experts, the green building market is posed for growth with net-zero-energy real estate — homes that generate as much (or more) power as they consume – gaining particular traction.
To read the rest of the article click here.
In the meantime we’ll keep an eye on these studies with how they affect the Arizona market and keep you apprised. In the meantime, thanks to my friends at the Tucson Association of REALTORS, for sharing this valuable information with us.
Don’t forget about our Free Lunch-N-Learn Seminar on Asset Protection next Tuesday, October 16th at Stewart Title. For more details on the seminar click the photo below:
That’s it for this time! Make it another great day!
Your Hard Money Lender in Tucson and Southern Arizona,
Billy A
P.S. I want to be your favorite Hard Money Lender in Tucson and Southern Arizona, so please don’t keep me a secret! If you, your friends or family need help with funding, I’d be happy to give them free information without any obligation. Please give me a call at:
(520) 299-4878!
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