Minneapolis Proposing New Truth in Sale of Housing Requirements for Energy Efficiency

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