This message has been cross posted to the following Discussion Forums: Small Project Practitioners and Custom Residential Architects Network .
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Dear Eric Rawlings and others:
Was just reading EcoHome magazine, July-August 2012. In their EcoBriefs, I came across this entry:
In collaboration with the Appraisal Institute, the Institute for Market Transformation has released the second edition of a comprehensive guide to factoring energy performance into commericial and multifamily real estate valuation, "Recognition of Energy Costs and Energy Performance in Real Property Valuation." To download a free copy, go to www.imt.org. This sounds like an approach for getting reform accomplished in how appraisers value architect-designed residences:
Contact the Appraisal Institute to see how one goes about including information in their methods for appraisers, as the Institute of Market Transformation did for energy performance. Joining forces with the National Association of Realtors on this would give the AIA more clout. They'd surely be interested for the 6% (is that a national figure, or just NJ?) of the increase in appraisal amount that they would get.
It would seem it would open up opportunities for someone like Eric to be involved in the development of the criteria, and later speaking engagements when they roll out the new guidelines for the appraisers.
What do you think?
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Constance Gill AIA
Constance Emilie Gill, AIA
Montclair NJ
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