Open AccessEVALUATION OF INVESTMENTS INTO HOUSING RENOVATION
Author(s) -
Edmundas Kazimieras Zavadskas,
Artûras Kaklauskas,
Saulius Raslanas
Publication year - 2004
Publication title -
international journal of strategic property management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.43
H-Index - 30
eISSN - 1648-9179
pISSN - 1648-715X
DOI - 10.3846/1648715x.2004.9637516
Subject(s) - limiting , business , value (mathematics) , market value , environmental economics , finance , economics , computer science , engineering , mechanical engineering , machine learning
The relevant objectives of a housing strategy is to vouch the effective usage of the present housing, maintenance and renovation. The selection of the means for building and residential environment renovation is dictated by the drawbacks of their present state, out‐of‐date designed decisions, natural physical deterioration. While fixing the optimal renovation prices from the aspect of market value increase, the main indicator, limiting the size of investments into building renovation, is the difference between market values after and before renovation. The difference between 1m2 of market value of a building of new construction and the average price of 1m2 of a building of old construction and the cost of renovation means for it will decide the size of the packet of the investments into renovation.