RESNET Produces Video on Appraisers and the HERS Index
Most appraisers agree that researching high-performance home features has always been a most time-consuming part of the typical residential appraisal process.
To help appraisers. RESNET and the Appraisal Institute has entered into a partnership to foster the recognition of high-energy performance homes in the real estate appraisal.
A key feature of the partnership is the development of a portal to provide access to residential real estate appraisers to data about a home HERS Index score.
The information that will be available to appraisers includes:
- The HERS Index Score of the home
- The date the home was HERS rated
- The HERS Rating company
- The name of the builder
- The year that the home was built
Appraisers will also be able to cull the data to search for homes in a market within a range of HERS Index Scores to enable them to make a market based comparable analysis.
Another key element of the partnership will to be to educate appraisers on the value of high energy performance homes and how to use a home's HERS Index Score to making such a determination.
RESNET has produced a video program to inform appraisers on the HERS Index Score and the new tool that has been produced for appraisers.
In the program, Jim Amorin, the Acting Chief Executive Officer and Immediate Past President of the Appraisal Institute, is quoted, "The Appraisal Institute sees RESNET as the gold standard for measuring and communicating the energy performance of a home."