“A new effort by Residential Energy Services Network (RESNET) and the Appraisal Institute, the association of professional real estate appraisers, will make home energy efficiency more transparent to buyers” in the not-so-distant future, according to a recent article from the Insulation Institute. “One of the largest barriers to the building and selling of high energy performance homes is that the value of energy upgrades is too often not reflected in the real estate appraisal of a home,” said RESNET Executive Director, Steve Baden. “Many of the features that make a home energy efficient are hidden behind drywall and aren’t obvious to home buyers. Our goal is to make information, such as the HERS score of a home, visible in the appraisal so that consumers have more facts available to make their decisions.” The Appraisal Institute identifies “green” elements of a home and incorporates that information in an addendum as part of the valuation of a home. In cooperation with RESNET, the Appraisal Institute will be adding the HERS score of a home as a green building certification element to be included among other home certification options, such as LEED for Homes.
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