RESNET was a great opportunity to meet with EnergyStar/green builders and learn more about their concerns and issues. We also got to share our experiences with appraising green construction.
Let's just say there has been a great deal of frustration for everyone. And there also seems to be consensus that we need to deal with things on two fronts:
These efforts also need to be approached in a manner which provides consistency. Current practices make it difficult to make comparisons among different properties, a critical element for appraisers. Sam Rashkin of EPA is lining up a series of meetings with different constituencies to outline some proposals to advance the state of things.
Finally, there remains a huge gap in awareness. Far too many realtors, lenders, and appraisers still consider this a "fad", and choosing to ignore the growing green trend, particularly in the Triangle market.
Are they right? What do you think, and what directions do you think we need to take? Take just a minute and let's discuss this. Your feedback is appreciated.