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Case Studies in Appraising Green Residential Buildings

CALL   Date: April 17, 2019   Location: Bloomington, MN
 
  Course  
Category  Other [Oth]  
Attendance Hours  7.0  
Exam Hours  1.0  
Current Price  $ 50.00  
 
  Instructor  
Sandra K. Adomatis, SRA  
    
 
  Location  
Name  Country Inn & Suites by Radisson, Mall of America  
Rep  Ana Powers  
Address  2221 Killebrew Drive  
City  Bloomington  
State  MN  
Zip  55425  
Phone  (952) 854-5555  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  North Star
Website  www.northstarai.org  
Contact Name  Alex Hazard  
Email  ahazard@associationdevelopment.com  
Phone  (651) 925-5528  
Fax  (651) 317-8048  
 
  Description  
"Coming into the class, one of the things I grappled with as a commercial appraiser is that MOST of the properties I appraise are on gross leases in which the tenants are responsible for utilities, so there is little or no incentive for landlord to complete green improvements. Low and behold, I returned from your class to an assignment of an old industrial facility that is leased to multiple tenants on full service leases. The property was recently purchased by investors who commissioned an energy audit to analyze the impact of updated LED lighting and new heating units for their 500,000-square-foot, aging industrial facility. The payback period was estimated at 2 years, 8 months and I concluded via Income-Capitalization Analysis that the cost savings would result in a value enhancement of $1,800,000. I am glad that I took your course so I could confidently analyze the impact on value of these enhancements - thanks for enhancing my tool kit!.”
- Recent student, MAI appraiser

This one-day course introduces participants to valuation methods for appraising the high-performance house. Participants learn the appraisal procedures for valuing green residential properties to assist in supporting an opinion of value. The course focuses on the valuation process in different appraisal problems encountered in appraising green properties. The valuation process is examined as it applies in each of the three approaches to value.

In-depth case studies will help participants develop their problem-solving skills in this new building technology. The problems and discussion questions are based on real-life examples provided by builders, real estate agents, and appraisers.

Upon completion of the course, participants will be able to:
• Develop ways to assess potential contributory value of green or energy-efficient items
• Identify the GRM analysis as a tool for supporting adjustments for green buildings
• Identify the use of paired analysis to support adjustments for green buildings
• Identify the issues requiring careful verification of comparables for green buildings
• Develop the three approaches to value in context of green buildings

Note. This course is in the Valuation of Sustainable Buildings Professional Development Program. For a list of FAQs, which includes information regarding the courses you'll need to successfully complete the program, click here.

This course is approved for GBCI CE Hours by the USGBC.

Required Text
Students must purchase this book and bring with them to class
Residential Green Valuation Tools,

Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• Residential & Commercial Appraisers

• Lenders

• Underwriters

• Public officials

• Architects

• Attorneys

• Property tax assessors

• Builders

• AMCs
 
  Equipment  
A financial calculator is required. The accepted model used in the course is the HP-12C. Note: Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
 
  Prerequisites  
Appraiser Participants
Introduction to Green Buildings: Principles & Concepts OR An Introduction to Valuing Commercial Green Buildings seminar OR Valuation of Green Residential Properties seminar

Non-appraiser Participants 
• Recommended prerequisites include Introduction to Green Buildings: Principles & Concepts OR An Introduction to Valuing Commercial Green Buildings seminar OR Valuation of Green Residential Properties seminar

Required
  • Residential Green Valuation Tools
  •  
      For Further Reading  
      An Introduction to Green Homes  
      Appraising Residential Properties, 4th ed.  
      The Appraisal of Real Estate, 14th ed.  
      The Dictionary of Real Estate Appraisal , 6th ed.  
      Valuation by Comparison: Residential Analysis and Logic  
     
      Disclaimer  
    Cancellation Policy
    • Up To 15 days prior to program start date, refund in full.
    • 7 - 14 days prior to program start date, $50.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
      Transfer Policy
    • Up To 15 days prior to program start date, no transfer fee.
    • 7 - 14 days prior to program start date, $25.00 transfer fee.
    • Less than 7 days prior to program start date, no transfer allowed.
       
    COURSE/SEMINAR ATTENDANCE - Don't be late! One hundred percent (100%) is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. Students should not be late or leave early. If the Appraisal Institute attendance records indicate attendance of less than 100%, the student's certificate will reflect this, and state agencies may refuse to award credit.

    ADA POLICY: If you are disabled and/or have special needs, a prompt reply is required to allow sufficient time to arrange for reasonable accommodations.
    For additional information, please call the Chapter office at 651.925.5528.

    COMPLETION CERTIFICATES: For scannable exams, written notification or results will be sent via email to the examinee approximately 15 business days from the date of receipt of the exams at the national office. Certificates of completion for Seminars will be distributed at the conclusion of the class or e-mailed to you. Express Grading for scannable exams is available - for more information about Express Grading, contact the Appraisal Institute National office at 312.335.4207.

    Program materials can be downloaded by the student.
     
      Additional Information  
    Upon completion of registration, you will receive an enrollment confirmation/receipt via e-mail. Look out for the e-mail and save it for future reference via a print out or save to your smartphone.

    Date: April 17, 2019

    Location:
    Country Inn & Suites by Radisson
    2221 Killebrew Drive,
    Bloomington, MN 55425
    PHONE: 952-854-5555
    website: https://www.countryinns.com/bloomington-hotel-mn-55425/mnbloomi?s_cid=os.amer-us-cis-MNBLOOMI-gmb

    Schedule: Registration: 7:30 am
    Seminar: 8:00 am - 4:00 pm
    Exam: 4:00pm - 5:00pm

    TUITION INCLUDES: Seminar Materials, Instruction and Coffee Breaks. Lunch is on your own. REQUIRED Text: "Residential Green Valuation Tools" must be purchased by the student and brought to the seminar.

    Note: Program materials can be downloaded by the student or picked up on site at the time of the seminar. If you elect to take the download option and save $15.00, printed materials will NOT be shipped to you or available onsite. It is your responsibility to have the documents available in class on a digital device or printed and brought with you.

    CONTINUING EDUCATION CREDITS: Appraisal Institute – 8 hours AI CE - (125 points with exam). 7 Hours with no exam.
    8 hours of Appraisal CE Credit in MN with exam.
    8 Hours of MN Real Estate CE has been applied for.

    REQUIRED Equipment - Calculators. A financial calculator is required. The accepted model used in the course is the HP-12C. Some devices such as the Apple iPhone have an HP-12C emulator application. However, because such devices may not be used during the final exam, you will need to bring an acceptable calculator to class.

    Temperatures in class rooms vary, please dress accordingly.

    REQUIRED Text: "Residential Green Valuation Tools" MUST be purchased prior to the course and brought to the seminar.


    Contact: if you have questions please contact Alex Hazard ahazard@associationdevelopment.com - 651.925.5528 or Sheryle Hazard shazard@associationdevelopment.com - 651.925.5528

     

     
















     
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