Nation?s Largest Professional Association of Real Estate Appraisers Teaches Intricacies of Valuing Sustainable Buildings
CHICAGO (Jan. 24, 2011) ? The Appraisal Institute today launched its Valuation of Sustainable Buildings Professional Development Program
, educating appraisers on the intricacies of valuing high-performance residential and commercial buildings. The Appraisal Institute is the nation?s largest professional association of real estate appraisers. ?There is a tremendous need for this type of education within the real estate sector,? said Appraisal Institute President Joseph C. Magdziarz, MAI, SRA. ?High-performance buildings represent a rapidly growing area of the real estate market, and reliable valuations are critical both to banks? risk management and to developers? sound development practices. The Appraisal Institute is proud to continue its leading role in educating appraisers on such an important topic.? Home builders and others have complained that appraisers often don?t properly take into account ?green? features when providing valuations. Building on existing Appraisal Institute education, the Valuation of Sustainable Buildings Professional Development Program is intended to arm professional appraisers with the most advanced guidance, case studies, methods and techniques on valuing high-performance buildings, positioning them as solution providers for the real estate sector.