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Frequently Asked Questions: Appraisal of High-Performance Homes
These frequently asked questions and the answers provided were developed for the Vermont Builders and Remodelers Association’s Education Committee by Jeffrey Gephart on behalf of Efficiency Vermont (a VBRA member) and are based on the work of the Vermont Green Home Alliance.
Of critical importance to their development is the work of The Appraisal Foundation, the Appraisal Institute, Building Codes Assistance Project, RESNET (HERS), U.S. Dept. of Energy (HES), Brad Hevenor, MAI, Markus Appraisal, and especially appraiser, educator, author, and advocate, Sandra K. Adomatis of Adomatis Appraisal Service as they have played major roles in developing an understanding of the problems faced and solutions needed to ensure energy efficiency and renewable energy information is available and properly used in real estate appraisal.
The Vermont Green Home Alliance’s mission is the transformation of the real estate market so that buyers and sellers can identify and accurately value energy efficiency and renewable energy benefits.
The Vermont Green Home Alliance includes:
Association of Vermont Credit Unions
Building Performance Professionals Association of Vermont
Energy Futures Group
Little River Realty
New England Federal Credit Union
New England Real Estate Network (MLS)
New Hampshire/Vermont Chapter of the Appraisal Institute
USDA, Rural Development, Housing Program
Vermont Builders and Remodelers Association
Vermont Passive House
Vermont Association of Professional Home Inspectors
Vermont Energy Investment Corporation
Vermont Green Building Network
Vermont Housing Finance Agency
Vermont Association of Realtors®
VSECU – a credit union serving all Vermonters
Education Committee and VBRA member and friend, Jeff Gephart, has been working on the forefront of the appraisal of high-performance homes for the past ten years. Jeff has been instrumental in pushing the Appraisal Institute to implement rules appraising homes based upon their energy efficiency as well as ensuring that there are certified appraisers in our area who are available to give high-performance builders an appraisal which values the benefits of these homes.