Land Use & ZoningIntermediateDelaware Exam
What is 'green building' certification and how might it affect Delaware property value?
ASimply a building painted a specific shade of green only to comply with local historic district color standards
BCertification (LEED, Energy Star) recognizing energy-efficient, sustainable construction practicesCorrect
CA building permit issued for properties in green zones
DA state certification required for all new commercial construction
Why Certification (LEED, Energy Star) recognizing energy-efficient, sustainable construction practices Is Correct
Answer B: Certification (LEED, Energy Star) recognizing energy-efficient, sustainable construction practices
Green building certifications (LEED, Energy Star, Green Globes) recognize buildings meeting sustainability standards. In Delaware, green-certified buildings may command premium values through lower operating costs, improved occupant health, and growing market preference for sustainability.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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