AI's New GREEN Addendum

On September 30th, the Appraisal Institute released a new form intended to help appraisers analyze values of energy-efficient home features.

The Appraisal Institute issued the form as an optional addendum to the URAR (Fannie Mae 1004-Freddie Mac 70). It is intended to help the industry standardize the way residential energy-efficient features are analyzed and reported. The Appraisal Institute's addendum allows appraisers to identify and describe a home's green features. The form also will make it easier for appraisers to determine whether recent home sales should be used as comparable sales.

The Appraisal Institute plans encourage lenders, home builders, real estate agents and homeowners to take advantage of this new tool.

GREEN ADDENDUM FORM to download a PDF copy of the new form.