“The Appraisal Institute updated its addendum to make it easier for appraisers, lenders and consumers to use and understand,” says Appraisal Institute President Richard Borges II. “The form also will make it easier for appraisers to determine whether recent home sales should be used as comparable sales and provide assistance for Realtors in populating MLS data fields with accurate green information.”
Earlier this year several EnergyStar tax credits were reinstated. If you made (make) any EnergyStar home improvements from January 1, 2012 through the end of this year tax credits up to $500 per project are available for qualifying products.
If you upgraded any of your appliances in 2011 you want to be sure to tax advantage of the tax credit when you file your 2011 taxes.