A green addendum for every green appraisal

A homeowner looking to sell or refinance can now download the free Residential Green and Energy Efficient AddendumAn attachment to the lease agreement which includes any provision agreed to but not included in the boilerplate provisions of the lease agreement., provided by the AppraisalAn estimate of a property's value on a specific date resulting from an analysis of facts about the property. Institute (AI). The addendumAn attachment to the lease agreement which includes any provision agreed to but not included in the boilerplate provisions of the lease agreement. requires an appraiser to acknowledge the green features present and to adjust the property’s value in accordance with current market conditions. It may be made part of an appraisalAn estimate of a property's value on a specific date resulting from an analysis of facts about the property. report for a property featuring any number of energy-efficient features such as solar panels, insulation or water-saving appliances.

The form also reinforces public policy encouraging homeowners to make their homes more energy-efficient. [For more information on government incentives for home energy-efficient improvements and installations, see the October 2010 first tuesday FARM letter, Home energy efficiency: save money by upgrading your property.]