Financing major repairs in apartment buildings through infill development
| Autor: | Anne Arvola, Kauko Viitanen, Kyösti Pennanen, Heidi Falkenbach, Tuulia Puustinen |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Finance
Apartment business.industry media_common.quotation_subject 05 social sciences 0211 other engineering and technologies 0507 social and economic geography 021107 urban & regional planning 02 engineering and technology Owner-occupiers Major repairs Apartment building Originality Order (exchange) Infill Business Management and Accounting (miscellaneous) Infill development Business 050703 geography Practical implications Finland media_common |
| Zdroj: | Puustinen, T, Pennanen, K, Falkenbach, H, Arvola, A & Viitanen, K 2017, ' Financing major repairs in apartment buildings through infill development : Exploring views and benefit requirements of the owner-occupiers ', Property Management, vol. 35, no. 5, pp. 508-527 . https://doi.org/10.1108/PM-08-2016-0045 |
| ISSN: | 1758-731X 0263-7472 |
| DOI: | 10.1108/PM-08-2016-0045 |
| Popis: | Purpose The purpose of this paper is to study views of owner-occupiers concerning infill development as a mechanism for financing major repairs in apartment buildings and financial benefits they require from the infill development for accepting it near their homes (on the plot of their housing company). Design/methodology/approach The data used draws upon a survey of 894 respondents concerning residents’ views on infill development in Finland. The required financial benefits from the infill development were questioned in both relative proportions of the expenses related to major repairs and concrete monetary sums. Findings First, the findings indicate that the financial benefits owner-occupiers require in order to accept infill development are significant, covering about two-thirds of the costs of major repairs during following ten years or over 75 percent of an (imagined) upcoming pipeline repair. Second, approximately one-fifth of the respondents regard that no economic benefit is enough to make them support infill development. Third, people’s decision-making concerning infill development is complex, involving also many other factors than monetary. Practical implications This paper provides insight into the feasibility of infill development as a means to finance major repairs from the perspective of owner-occupiers. The paper has strong policy implications as it highlights the significance of the public authorities and their policies in enabling the infill development. Originality/value This is the first academic study to focus on owner-occupiers views and financial requirements for the infill development as a means to finance major repairs in apartment buildings. |
| Databáze: | OpenAIRE |
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