The Appraisal Institute has developed the Residential Green and Energy Efficient Addendum. The Appraisal Institute’s Green Addendum is the first residential green and energy efficient appraisal report addendum developed by appraisers, for use by appraisers. The Appraisal Institute Green Addendum provides items of high performance house features for consideration by appraisers. The Green Addendum will provide appraisers a tool for selecting comparable sales for the property they are appraising. If an appraiser had a completed Appraisal Institute Green Addendum on every high-performance house used as comparable sales, it would leave little question on the comparability of the data. It may also aid in a more accurate valuation of the property. Through an agreement between RESNET and the Appraisal Institute, one can generate the Appraisal Institute Green Addendum and auto-populate it from the data collected in the home energy rating. Any RESNET National Building Registry user can now produce the Residential Green and Energy Efficient Addendum at the time a home’s energy rating is entered into the RESNET registry. It will automatically generate and start downloading a PDF form and auto-fill it with the data we currently have in the registry. Raters can use the PDF form to fill out additional information manually then print it. The U.S. Department of Energy’s Building America provided great assistance in the Appraisal Institute and RESNET entering into the agreement.
