Thursday, October 6, 2011

Green Building Features - Fernandina Beach

Appraisers Embrace Green Features The nation's largest professional association of real estate appraisers has developed a form to help appraisers analyze values of energy-efficient home features. The Appraisal Institute issued the form as an optional addendum to Fannie Mae Form 1004, the appraisal industry's most widely used form for mortgage-lending purposes. Used by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA), Form 1004 is completed by appraisers to uphold safe and sound lending. Currently, the contributory value of a home's green features is rarely part of the equation. The Institute's addendum allows appraisers to identify and describe a home's green features, from solar panels to energy-saving appliances. Form 1004 devotes limited attention to energy-efficient features, so green data usually doesn't appear in the appraisal report, or it is included in a lengthy narrative that often is ignored. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: Web:

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