Category Archives: Property spotlight

What is a LEED certified home? Read: https://greenrealestateappraiser.wordpress.com/2011/08/16/what-is-a-leed-certified-home/

The eight homes are split between a 1,250-square-foot two-bedroom model and a 1,450-square-foot three-bedroom model, which is identical to the smaller house except for the addition of an extension for the additional bedroom. They each have a 5 kW photovoltaic array on their south-facing roofs—enough power to make the all-electric homes net energy generators on an annual basis, if the residents are exceptionally frugal.

Now how would an appraiser value these LEED homes if there are no comparables.  Appraisers have different methods when valuing properties and the sales comparison approach is just one method.  The article reports that cost was $200/SF not including land acquisition, site work and the PVs.  The cost approach may be utilized depending on the scope of work requested by the client.  Again these are two methods but there are additional ways to value properties.  Contact the appraisers at www.socalappraisalserv.com for your “green” value issues.

For more information on these LEED homes: http://greensource.construction.com/green_building_projects/2011/1109_small_but_significant.asp

Disclaimer: For Information and Entertainment Purposes Only.