Green Building Appraisal Resources
More green building resources exist than you may think. This list is not comprehensive in any way, please help support the search for information by submitting your comment to the Green Building Appraisal Forum.
Green Building Finance
If you are a lender, appraiser or real estate professional struggling to deal with green property valuation, a suggested starting point is the Green Building Finance Consortium. They have a plethora of valuation related resources, including the Value Beyond Cost Savings book, best read through the Expanded Chapters. Value Beyond Cost Savings is best read through the Expanded Chapters
If you are an appraiser, broker, or lender, the best market data you can find will be based on identifying a similar green property to your property and market, then relating property characteristics to one another to extract the data you are looking for. The USGBC has recently launched this Green Building GIS Locator Tool for LEED buildings, you can also look at some of their case studies. For scenarios which don’t fit into the GIS tool, try to google “green/LEED your property type your market-” (EX: green retail denver, or LEED retail denver) to try to locate a comparable listing/rental property. Some other notable sales and projects in the Denver Area to look at are:
These can get you started on some research:
Eos Building (Broomfield- Commercial)
1800 Larimer St. (Downtown- Commercial)
Green Cube (Highlands- Residential)
Washpark Green (Wash Park-Residential)
Green Real Estate offers residential green property listings.
LEED Certified Green Buildings.com offers commercial listings but doesn’t have much as of the data of this publication.
Please contact us to share your green property sale/rental data. This section is a work in progress.
This Green Building Study released Summer 2011 by Costar is pretty substantial. It is related to commercial buildings.
The Costar Study released in 2008 also has similar information, though it is slightly older. Also related to commercial buildings.
This Buyer Profile Study is somewhat dated (2007) though presents a good, objective study related to who is buying green, why, and their satisfaction.
This is a quick read on valuing residential high performance housing brought to you by the Alliance for Environmental Sustainability for those looking for a solid introduction to residential green property valuation.