3D Variables Requirements for Property Valuation Modeling Based on the Integration of BIM and CIM

Siham El Yamani, Rafika Hajji, Gilles-Antoine Nys, Mohamed Ettarid and Roland Billen
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Siham El Yamani: College of Geomatic Sciences and Surveying Engineering, IAV Hassan II Rabat, Rabat 6202, Morocco
Rafika Hajji: College of Geomatic Sciences and Surveying Engineering, IAV Hassan II Rabat, Rabat 6202, Morocco
Gilles-Antoine Nys: Geomatics Unit, Department of Geography, ULiège—Place du 20 Août, 4000 Liège, Belgium
Mohamed Ettarid: College of Geomatic Sciences and Surveying Engineering, IAV Hassan II Rabat, Rabat 6202, Morocco
Roland Billen: Geomatics Unit, Department of Geography, ULiège—Place du 20 Août, 4000 Liège, Belgium

Sustainability, 2021, vol. 13, issue 5, 1-22

Abstract: The growing rate of urbanization and vertical urban development has aroused the significance of geo-related variables for property units disposed vertically within the same building. Among these, 3D indoor physical and outdoor environmental variables are impacting the property value for each building unit. However, in the literature, the identified 3D variables, by using hedonic pricing models (HPM) for property valuation, are mainly restricted to 3D visualization. Their use in 3D simulation for an accurate evaluation of the property value is still limited. Furthermore, their value is often defined for a specific valuation purpose (e.g., taxation). This paper aims to investigate 3D variables with a significant impact on property value, to combine them with 3D technical requirements and to be integrated in a future valuation model. Moreover, their 3D spatial and non-spatial elements are analyzed to identify which variables can be provided from 3D city models and building scale elements. To accomplish this, the potential of 3D building information modeling (BIM) and city information modeling (CIM) in property valuation is examined. From indoors; BIM/IFC (Industry Foundation Classes) models are the main data sources for structural and living quality variables. While from outdoors, environmental variables and the surrounding building’s information are provided from 3D city models (CityGML).

Keywords: 3D variables; valuation modeling; city information models (CIM); building information models (BIM) (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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