Periodic refurbishment and reductions in national costs to sustain dwelling services

I. M. Johnstone

Construction Management and Economics, 2001, vol. 19, issue 1, 97-108

Abstract: This paper uses a simulation model to make exploratory estimates of current and potential reductions in national costs to sustain dwelling services due to refurbishment. Data and parameters are based on a typical New Zealand dwelling of lightweight timber framed construction. Dwelling service years provided by a dwelling over one year adjusted for depreciation serve as a proxy for benefits. The costs to construct one dwelling and fractions thereof serve as a proxy for the costs of maintenance, refurbishment, replacement, and new construction. Current levels of refurbishment reduce national average costs to sustain dwelling services by a magnitude of 15%. Potential reductions in national costs are modest (5%) should the housing stock be stationary, but are negligible when the expansion rate of the housing stock is as high as 2.0% per year. A decline in the expansion rate of a housing stock has a greater impact on reducing national costs than an increase in the number of cycles of refurbishment.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/01446190010003434 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:conmgt:v:19:y:2001:i:1:p:97-108

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RCME20

DOI: 10.1080/01446190010003434

Access Statistics for this article

Construction Management and Economics is currently edited by Will Hughes

More articles in Construction Management and Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().