MAINTENANCE AND REFURBISHMENT; MARKET PRICE AND FIXED ASSETS VALUE

Author(s): Marteinsson, B.
Paper category: Conference
Book title: XIII International Conference on Durability of Building Materials and Components - XIII DBMC
Editor(s): Marco Quattrone, Vanderley M. John
Print ISBN: none
e-ISBN: 978-2-35158-149-0
Publication year: 2015
Pages: 664-669
Total Pages: 6
Language: English

Online publication: 2015
Publication Type: full_text
Public price (Euros): 0.00

Abstract: A building is designed and built for a defined service life period and with necessary economic maintenance the requirement in the Construction Products Regulation shall be fulfilled the whole time. The goal of maintenance is to ensure that the basic requirements (in building regulations) are fulfilled and so also keep up the economic value of the work. In calculating the fixed assets of properties owned by municipalities, and all properties when estimating the total figure for the nation, economists depreciate the value of buildings by 2-2.5 % yearly. They are thus claiming that the maintenance cost does not ensure the value of the buildings; the maintenance is not effective. This controversy is discussed in the paper; based on actual market price for family housing in the capital area in the period 1995-2010. It is shown that market price is not necessarily affected by age of buildings.

Online publication: 2015
Publication Type: full_text
Public price (Euros): 0.00