题名: |
Predicting the Monetary Value of Office Property Post Renovation Work |
其他题名: |
Cho,K.,and Yoon,Y.(2016)."Decision support model for determining cost-effective renovation time."J.Manage.E.,10.1061/(ASCE)ME.1943-5479.0000418,04015051. |
正文语种: |
英文 |
作者: |
Jungwoo Kim |
关键词: |
Renovation work;Real estate appraisal;Monetary value of office property;Multivariate data analysis |
摘要: |
Recently, the construction industry has experienced an increase in the volume of renovation work aimed at improving the physical and economic performance of buildings. However, owners often hesitate to execute renovation projects because they find it difficult to guarantee an improvement in the monetary value of buildings after their renovation. Therefore, by applying multiple regression analysis to data collected from 98 actual renovated office cases, this study develops a model to enable convenient estimation of the monetary value of renovated office buildings compared with existing methods. The application of the model to 20 validation cases shows: (1) an average error rate of 10.05%; and (2) the need for comparatively less information for implementing the model. Essentially, it will enable the owners to make decisions regarding the execution of building renovation projects based on an estimation of the monetary value of buildings after renovation, which will bolster the renovation market. |
出版年: |
2018 |
论文唯一标识: |
P-84Y2018V144N02005 |
英文栏目名称: |
TECHNICAL PAPERS |
doi: |
10.1061/(ASCE)UP.1943-5444.0000434 |
期刊名称: |
Journal of Urban Planning and Development |
拼音刊名(出版物代码): |
P-84 |
卷: |
144 |
期: |
02 |
页码: |
35-43 |