Re: “,” May 29 guest commentary.
Gene Myers’ guest commentary supports passage of the SAVE Act, which “requires that energy saving features of a home be added to the value of appraisals.” His rationale is that people who opted to make energy saving improvements “had difficulty recouping these costs when they sell later.”
Whatap next? Will Myers and SAVE Act co-sponsor Sen. Michael Bennet demand that all home improvements — from new windows to a swimming pool — be added to appraisals at full cost?
Myers and Bennett lack a fundamental grasp of residential appraising. An appraiser’s job is to measure and report what buyers want, not what some federal official wants them to want. If current buyers don’t give full cost to a seller for his $35,000 solar panels, why should an appraiser falsely report that they do?
Craig Farr, Commerce City
This letter was published in the June 3 edition.
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