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Decisions to Renovate and to Move

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Author Info

  • Pnina O. Plaut

    () (Technion – Israel Institute of Technology)

  • Steven E. Plaut

    () (University of Haifa)

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    Abstract

    Housing renovation is the main alternative means of housing supply besides construction of new housing. Relatively little is known about the factors that affect decisions by households about whether to renovate and which sort of renovations to undertake. These questions are explored empirically. Separate analyses are conducted of the decision to undertake "major structural renovations" as opposed to other sorts (such as remodeling the kitchen or bathroom), and also of the decision to conduct renovations that add to the living space of the housing unit. Financial, household and geographic factors affecting this decision are analyzed econometrically.

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    File URL: http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol32n04/05.461_484.pdf
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    Bibliographic Info

    Article provided by American Real Estate Society in its journal journal of Real Estate Research.

    Volume (Year): 32 (2010)
    Issue (Month): 4 ()
    Pages: 461-484

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    Handle: RePEc:jre:issued:v:32:n:4:2010:p:461-484

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    Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
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    Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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    Web: http://aux.zicklin.baruch.cuny.edu/jrer/about/get.htm

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