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Green buildings: valuation issues and perspectives.(ENVIRONMENT AND THE APPRAISER)(Reprint)
Architects, developers, urban planners, and others have shown a growing interest in the issue of sustainable development for several years. As the design and development of buildings with "green" features becomes more prevalent, appraisers will increasingly be called on to consider green or sustainable elements in their valuations. Such valuations must be based on market evidence of the enhanced value due to these elements.
From anecdotal evidence, and some case study research, it is becoming likely that green and sustainable features can and do influence market values. This depends, of course, on the property type, location, and local market conditions. ...
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Source: HighBeam Research, Green buildings: valuation issues and perspectives.(ENVIRONMENT AND...