Criteria and weighting of a value age index for residential use
Most theoretical and empirical studies regard building age as the most important criterion in property value determination. In this chapter, we have constructed a more general framework to identify the multiple criteria of value determination. The objective is to evaluate the effects of different residential building quality attributes on building values, including presentation, management, structural and system defects, building services, access and circulation, and the provision of amenities. Our findings indicate that building age is just one of the less important criteria that people consider in the evaluation of building value, while the structural and system defects of a building are found to be more important.
Building Dilapidation and Rejuvenation in Hong Kong
Ho, D. C.,Tam, C.,& Yiu, C. (2004). Criteria and weighting of a value age index for residential use. Building Dilapidation and Rejuvenation in Hong Kong, 97-111. Retrieved from http://repository.vtc.edu.hk/thei-fac-de-sp/77