A report published by National Mortgage Professional stated that The Appraisal Institute updated its Residential Green and Energy Efficient Addendum. The addendum is for , used by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) when an appraisal is completed. With this addendum, appraisers now have the ability to declare green features when conducting their appraisal and can add value to your home.
How much value depends on what is becoming greener in the residential construction world. A solar system, for example, could increase home values at a rate of about $3 per installed watt. So, with a standard 6,000-watt system at a cost of nearly $25,000 before incentives, you could see an $18,000 appreciation in home value.
Is your home old or in need of updating? Are you considering hiring a contractor to install energy efficient updates? Want to make sure your home improvements are completed properly, on-time, and within the quoted budget?
Keep your green improvements from costing unnecessary green; get a pre-paid legal team on your side!
Avoid possible legal pitfalls before, during, and after the construction process with powerful and affordable pre-paid attorneylegal services. While all general contractors are licensed by the state, having your own attorney on call for anything that may arise during the rehabilitation process is the peace of mind you need.
Legal representation is not just for construction contracts, it’s for any legal situation you may encounter such as:
- served a criminal warrant
- arrested or detained
- create a will
- seriously injured in an auto accident
- or more!
Don’t wait until you need an attorney, give yourself the gift of worry free home improvement and peace of mind