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An Empirical Investigation into Homeowner Demand for Home Upkeep and Improvement

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Author Info
Reschovsky, James D
Abstract

This article highlights several methodological issues associated with estimating the demand for home upkeep and improvement. Using a sample of owner-occupants from the Survey of Housing Adjustments, alternative estimation approaches are evaluated. Although previous research has failed to incorporate the provision of nonmarket labor into demand or expenditure models, this omission does not appear to affect results significantly. The demand for upkeep activities was found to be distinct from the demand for improvement. Finer delineation of upkeep activities into discretionary and nondiscretionary categories provided new insights into different strategies for home upkeep. Copyright 1992 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Real Estate Finance & Economics.

Volume (Year): 5 (1992)
Issue (Month): 1 (March)
Pages: 55-71
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Handle: RePEc:kap:jrefec:v:5:y:1992:i:1:p:55-71

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Web page: http://www.springerlink.com/link.asp?id=102945

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  1. Joseph Gyourko & Joseph Tracy, 2003. "Using home maintenance and repairs to smooth variable earnings," Staff Reports 168, Federal Reserve Bank of New York. [Downloadable!]
    Other versions:
  2. John R. Knight & Thomas Miceli & C. F. Sirmans, 2000. "Repair Expenses, Selling Contracts, and House Prices," Journal of Real Estate Research, American Real Estate Society, vol. 20(3), pages 323-336. [Downloadable!]
  3. Joseph Gyourko & Albert Saiz, 2003. "Urban decline and housing reinvestment: the role of construction costs and the supply side," Working Papers 03-9, Federal Reserve Bank of Philadelphia. [Downloadable!]
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This page was last updated on 2009-12-4.


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