Secondary language: |
English |
Secondary title: |
ǂThe ǂinfluence of improved energy efficiency on market value of residential houses |
Secondary abstract: |
Thesis presents on a case of five residential houses from different periods of time the possibilities of improving their energy efficiency and the impact of improvement on their market value. Impact of energy efficiency improvements on market value is determined on the basis of the analysis of a questionnaire on the basis of publicly available information of real estate prices.
At the beginning of the thesis we present key findings of the studies from abroad in the field of energy efficiency and valuation of real estate and also the effect of energy efficiency and valuation methods to the market value of the buildings and the problems encountered by appraisers. Next part of the thesis presents the model of improved energy efficiency. It presents energy state of selected buildings before the energy improvement, measures taken to improve their energy efficiency and energy efficiency after the improvements. Next we describe carried out energy analysis and we present costs of investment in improved energy efficiency of selected buildings. Thesis then further presents the assessment of investment cost efficiency and selection of optimal combination of measures taken to improve energy efficiency. Net present value of investment is positive in all cases; payback period is approximately 15 years long, which means that for the property owners who would like to save on heating costs with improvement of energy efficiency of the building such an investment pays off. In addition to relatively short payback period, improvement of energy efficiency significantly contributes to a better living environment and human health.
In the last part of the thesis is determined the impact of improved energy efficiency on market value of residential houses on the basis of previously carried out analysis and the data obtained from the replies to the questionnaire as well as publicly available data on real estate prices.
The cost of investment in improved energy efficiency of selected buildings is approximately 22 % of their average market value before the improvement of energy efficiency. Based on the analysis of questionnaire responses, we find that the influence of improved energy efficiency on market value of selected building is valued at 240 €/m2, which is approximately 14 % of the average market value of selected buildings before their improvement of energy efficiency. On the basis of publicly available information the impact of improved energy efficiency is valued at 101 €/m2, which is approximately 6 % of the average market value. From this we can conclude that the cost of improving energy efficiency in present cases is much higher than the estimated contribution of the respondents or the increment of market
value from improvements of energy efficiency of selected buildings. Starting from these results we can conclude that market participants of residential buildings in Slovenia does not yet perceive the costs of improving energy efficiency in the amount at least equal to the increment of market value. Therefore, it pays to sell the apartment building in existing state and energy efficiency improvement should be left to the new owner. |
Secondary keywords: |
graduation thesis;energy efficiency;market value of residential houses;energy performance certificate;energy efficiency improvement measures;optimal combination of measures;the real estate market; |
File type: |
application/pdf |
Type (COBISS): |
Undergraduate thesis |
Thesis comment: |
Univ. v Ljubljani, Fak. za gradbeništvo in geodezijo |
Pages: |
XVI, 98 str., 4 pril. |
Type (ePrints): |
thesis |
Title (ePrints): |
Vpliv izboljšanja energetske učinkovitosti na tržno vrednost stanovanjskih hiš |
Keywords (ePrints): |
energetska učinkovitost;tržna vrednost enostanovanjskih hiš;energetska izkaznica;ukrepi za izboljšanje energetske
učinkovitosti;optimalna kombinacija ukrepov;trg nepremičnin |
Keywords (ePrints, secondary language): |
energy efficiency;market value of residential houses;energy performance certificate;energy efficiency improvement measures;optimal combination of measures;the real estate market |
Abstract (ePrints): |
V diplomski nalogi je na primeru petih enostanovanjskih hiš iz različnih obdobij gradnje predstavljeno izboljšanje energetske učinkovitosti izbranih stavb in vpliv izboljšanja na njihovo tržno vrednost. Vpliv izboljšanja energetske učinkovitosti je določen na podlagi analize odgovorov anketnega vprašalnika in na podlagi javno dostopnih podatkov.
Na začetku diplomske naloge so predstavljene ključne ugotovitve študij s področja energetske učinkovitosti in vrednotenja nepremičnin, ki so bile izvedene v tujini. Predstavljeni so načini vrednotenja vpliva izboljšanja energetske učinkovitosti na tržno vrednost nepremičnin in problemi s katerimi se srečujejo cenilci pri svojem delu. V naslednjem delu je predstavljen model vpliva izboljšanja energetske učinkovitosti stavb, kjer je predstavljeno
obstoječe stanje stavb, predvideni ukrepi za izboljšanje energetske učinkovitosti in stanje izbranih stavb po izboljšanju njihove energetske učinkovitosti. Opisana je izvedena energetska analiza in predstavljeni so stroški investicije v izboljšanje energetske učinkovitosti stavb. V nadaljevanju je predstavljena še ocena ekonomske učinkovitosti investicije in izbira optimalne kombinacije ukrepov za izboljšanje energetske učinkovitosti. Neto sedanja vrednost je v vseh primerih pozitivna, doba vračanja znaša približno 15 let, kar pomeni, da se za lastnike nepremičnin, ki bi želeli z izboljšanjem energetske učinkovitosti prihraniti pri stroških za ogrevanje taka investicija izplača. Poleg dokaj kratke dobe vračanja investicije pa izboljšanje energetske učinkovitosti bistveno pripomore k boljšemu bivalnemu okolju in zdravju ljudi.
V zadnjem delu diplomske naloge je določen vpliv izboljšanja energetske učinkovitosti enostanovanjskih stavb na njihovo tržno vrednost na podlagi analize rezultatov anketnega vprašalnika in na podlagi analize javno dostopnih baz podatkov.
Stroški izboljšanja energetske učinkovitosti izbranih stavb znašajo približno 22 % njihove povprečne tržne vrednosti pred izboljšanjem energetske učinkovitosti. Na podlagi analize odgovorov anketnega vprašalnika smo ugotovili, da anketiranci ocenjujejo v povprečju vpliv izboljšanja energetske učinkovitosti enostanovanjskih stavb na njihovo tržno vrednost v višini 240 €/m2, kar je približno 14 % povprečne tržne vrednosti izbranih stavb pred izboljšanjem
njihove energetske učinkovitosti. Na podlagi javno dostopnih podatkov znaša ta vpliv približno 101 €/m2, kar znese približno 6 % povprečne tržne vrednosti. Iz tega lahko
ugotovimo, da so stroški izboljšanja energetske učinkovitosti v obravnavanih primerih precej višji kot znaša ocenjen prispevek anketirancev oziroma prirastek tržne vrednosti zaradi izboljšanja energetske učinkovitosti obravnavanih stavb. Izhajajoč iz teh rezultatov lahko
zaključimo, da udeleženci na trgu stanovanjskih stavb v Sloveniji še ne zaznavajo stroškov izboljšanja energetske učinkovitosti v višini vsaj tolikšnega prispevka k tržni vrednosti. Zato se izplača prodati stanovanjsko stavbo v obstoječem stanju, izboljšanje energetske učinkovitosti pa prepustiti novemu lastniku. |
Abstract (ePrints, secondary language): |
Thesis presents on a case of five residential houses from different periods of time the possibilities of improving their energy efficiency and the impact of improvement on their market value. Impact of energy efficiency improvements on market value is determined on the basis of the analysis of a questionnaire on the basis of publicly available information of real estate prices.
At the beginning of the thesis we present key findings of the studies from abroad in the field of energy efficiency and valuation of real estate and also the effect of energy efficiency and valuation methods to the market value of the buildings and the problems encountered by appraisers. Next part of the thesis presents the model of improved energy efficiency. It presents energy state of selected buildings before the energy improvement, measures taken to improve their energy efficiency and energy efficiency after the improvements. Next we describe carried out energy analysis and we present costs of investment in improved energy efficiency of selected buildings. Thesis then further presents the assessment of investment cost efficiency and selection of optimal combination of measures taken to improve energy efficiency. Net present value of investment is positive in all cases; payback period is approximately 15 years long, which means that for the property owners who would like to save on heating costs with improvement of energy efficiency of the building such an investment pays off. In addition to relatively short payback period, improvement of energy efficiency significantly contributes to a better living environment and human health.
In the last part of the thesis is determined the impact of improved energy efficiency on market value of residential houses on the basis of previously carried out analysis and the data obtained from the replies to the questionnaire as well as publicly available data on real estate prices.
The cost of investment in improved energy efficiency of selected buildings is approximately 22 % of their average market value before the improvement of energy efficiency. Based on the analysis of questionnaire responses, we find that the influence of improved energy efficiency on market value of selected building is valued at 240 €/m2, which is approximately 14 % of the average market value of selected buildings before their improvement of energy efficiency. On the basis of publicly available information the impact of improved energy efficiency is valued at 101 €/m2, which is approximately 6 % of the average market value. From this we can conclude that the cost of improving energy efficiency in present cases is much higher than the estimated contribution of the respondents or the increment of market
value from improvements of energy efficiency of selected buildings. Starting from these results we can conclude that market participants of residential buildings in Slovenia does not yet perceive the costs of improving energy efficiency in the amount at least equal to the increment of market value. Therefore, it pays to sell the apartment building in existing state and energy efficiency improvement should be left to the new owner. |
Keywords (ePrints, secondary language): |
energy efficiency;market value of residential houses;energy performance certificate;energy efficiency improvement measures;optimal combination of measures;the real estate market |
ID: |
8327161 |