A cost-and-benefit evaluation of housing rehabilitation

摘要: Purpose – There have been very few cost‐and‐benefit evaluations of rehabilitation. This paper is a triangulation attempt to evaluate directly the rehabilitation works without relying on price‐proxy and econometric assumptions.Design/methodology/approach Chau et al., in their paper, “Estimating value enhancement effects refurbishment” (Facilities, Vol. 21 No. 1/2, 2003) produced an empirical test by regression elevation property price‐differential after However, price merely proxy improvements building conditions, its efficiency reflecting quality subject some institutional constraints. The estimation also validity assumptions. investigates under 18 assessment criteria seven housing blocks Hong Kong.Findings results show that brings benefits owners, but these only marginally outweigh ...