As governmental mandates continue to filter down to all local communities, and buyers, sellers, developers and financiers of real estate market assess the importance of energy efficiency and sustainability, it is imperative that appraisers become familiar with the concepts of green building. This course provides practical application of techniques available to commercial appraisers. After a brief review of green principles and concepts, in-depth commercial case studies explore techniques for valuation. Participants should increase their knowledge of commercial green projects and become familiar with numerous resources to help them document the appraisal process.
Notes. This course is in the Valuation of Sustainable Buildings Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.
Identify green building and sustainability concepts. Identify the most widely recognized rating systems for green buildings. Recognize the six components of a green building. Identify and link green components to potential value influencers. Acquire practical (case study) application practice by identifying, applying, and linking green features throughout the valuation process. Identify the manner in which the valuation of green buildings could potentially impact the valuation process to include appraisal analysis, development, and appraisal reporting processes. Recognize special considerations of green buildings as applied to the valuation process. Acquire practical (case study) application practice in the development of a life cycle cost analysis; use of cost manual for green features; and development of and support for quantifiable impact of green retrofit upon value. Recognize the importance of energy efficiency, as well as the potential means through which energy efficiency may be improved to include, but not limited to: benchmarking, energy assessments, onsite renewables, lighting and electrical upgrades, and HVAC changes. Understand the basics of solar PV energy systems, including fundamental methodologies through which one may develop a credible opinion of value. Identify and discuss less tangible aspects of green building, including triple bottom lines and externalities, as well as environmental and social components of value.
