George Nettles, Denver CO – I saw this great article from Dennis Huspeni and The Denver Business Journal:
The Appraisal Institute has signed a memorandum of understanding with Colorado to better promote the appraisal of home energy-saving features and help develop valuation studies with state officials. While the appraisal industry has been working to develop standards, valuation of energy efficient features on single-family homes varies wildly. Appraisal Institute officials plan to work with the state’s Energy Office to identify……read the rest of the article here.
This is great news as lenders and appraisers are moving to adjust appraisals to include certified ‘Green’ home appraisals that will increase the value of the home. The ‘Green’ financing has already started, where lender let a buyer borrow more money with same down payment and lower interest rates in some cases. Thanks Governor Hickenlooper for the ‘Green’ push!
*George Nettles is an Associate Broker with Brokers Guild Cherry Creek in Denver, CO. He is the founder of www.LuxuryHomesInDenver.com and Denver’s Luxury Home Team. He can be reached at 303-981-7282 or George@LuxuryHomesInDenver.com