Appraisers add form to better value ‘green’ homes

The Appraisal Institute recently released a form to help appraisers factor in energy-efficient home features when valuing homes.

The forms can also be used by real estate agents in describing “green” properties on most multiple listing services.

Everything from energy efficient appliances to solar panels will now get more attention on appraisals with the added form.

The new form allows appraisers to identify and describe a home’s green features. It will serve as an optional addendum to Fannie Mae Form 1004, which is the appraisal industry’s mostly commonly used form for mortgage purposes, used by Fannie Mae, Freddie Mac, and the Federal Housing Administration.