This is a VERY BIG DEAL that will impact every Minneapolis home owner! If implemented in 2020, this proposal has BIG
consequences for Minneapolis homeowners when they go to sell, their
“to-do” list could get much longer and more costly!
Here
is where I stand on this issue. While I feel this proposal would be
good information for a homeowner to provide when going to sell and a
landlord when going to lease a unit, but the timing, forcing this onto a
home owner when wanting to sell is not
good. A homeowner has a long to-do list the way it is, and this will add
to their list and will be costlier and add more stress.
Many
homeowners, including me with homes built in the early 1900s have old
windows, lack of insulation and over 20 year old furnaces and with these
test being performed at time of the Truth-in-Housing, it will give very
little time (no time if in winter) for a homeowner to address issues
and therefore when a buyer views the report, it will open up a
negotiating can of worms and home owners could lose a substantial amount
of their equity and or not be able to sell.
This should
be a voluntary program to have done when a homeowner wants and have
time to do the improvements and then have a recheck and get a
certificate to show when they decide to sell their home.
The City of Minneapolis could come up with incentives for homeowners to want to do this testing!
Learn more @ http://minneapolismn.gov/sustainability/buildings-energy/index.htm?utm_content=&utm_medium=email&utm_name=&utm_source=govdelivery&utm_term=
Minneapolis Association of Realtors concerns and recommendations as of 1-2-2019 - https://www.mplsrealtor.com/blog/minneapolis-proposal-adds-residential-energy-scoring-disclosures-to-tish/?fbclid=IwAR21_GjsT33ZMeuZYjYy1DRMz70Gshvb303__KhXqdmmeicxOaix3kXneNY
