Carova, NC Outer Banks Real Estate

Appraisers need help with Green Homes

Green HouseI read an interesting article yesterday from CNNMoney.com talking about the issues appraisers are having getting new construction homes with green features to appraise for enough to cover the cost of the construction. One of there biggest obstacles is the lack of resale housing with similar features to use as comps. It is an interesting "catch 22". Without the comps the houses won't get built. If the houses don't get built, there won't be any comps. Green housing has been very slow to catch on in many areas, but I do believe that once it gets past these obstacles it will take off very fast, and the ones that bit the bullet and made the investments early on will benefit the most. To read the full article click on "Green Houses face a Red Light".

Jean-Paul Peron
REALTOR
Living & Working in 4-Wheel Drive
The Outer Banks Real Estate Company
 
Work:  (888) 457-7376
Mobile: (252) 564-9390
JPPeron@EscapeThePavement.com
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7 commentsJean-Paul Peron • March 10 2010 06:15AM
Appraisers need help with Green Homes
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I read an interesting article yesterday from CNNMoney. com talking about the issues appraisers are having getting new construction homes with green features to appraise for enough to cover the cost of the construction. One of there biggest obstacles… more