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3D Variables Requirements for Property Valuation Modeling Based on the Integration of BIM and CIM

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  • Siham El Yamani

    (College of Geomatic Sciences and Surveying Engineering, IAV Hassan II Rabat, Rabat 6202, Morocco
    Geomatics Unit, Department of Geography, ULiège—Place du 20 Août, 4000 Liège, Belgium)

  • Rafika Hajji

    (College of Geomatic Sciences and Surveying Engineering, IAV Hassan II Rabat, Rabat 6202, Morocco)

  • Gilles-Antoine Nys

    (Geomatics Unit, Department of Geography, ULiège—Place du 20 Août, 4000 Liège, Belgium)

  • Mohamed Ettarid

    (College of Geomatic Sciences and Surveying Engineering, IAV Hassan II Rabat, Rabat 6202, Morocco)

  • Roland Billen

    (Geomatics Unit, Department of Geography, ULiège—Place du 20 Août, 4000 Liège, Belgium)

Abstract

The growing rate of urbanization and vertical urban development has aroused the significance of geo-related variables for property units disposed vertically within the same building. Among these, 3D indoor physical and outdoor environmental variables are impacting the property value for each building unit. However, in the literature, the identified 3D variables, by using hedonic pricing models (HPM) for property valuation, are mainly restricted to 3D visualization. Their use in 3D simulation for an accurate evaluation of the property value is still limited. Furthermore, their value is often defined for a specific valuation purpose (e.g., taxation). This paper aims to investigate 3D variables with a significant impact on property value, to combine them with 3D technical requirements and to be integrated in a future valuation model. Moreover, their 3D spatial and non-spatial elements are analyzed to identify which variables can be provided from 3D city models and building scale elements. To accomplish this, the potential of 3D building information modeling (BIM) and city information modeling (CIM) in property valuation is examined. From indoors; BIM/IFC (Industry Foundation Classes) models are the main data sources for structural and living quality variables. While from outdoors, environmental variables and the surrounding building’s information are provided from 3D city models (CityGML).

Suggested Citation

  • Siham El Yamani & Rafika Hajji & Gilles-Antoine Nys & Mohamed Ettarid & Roland Billen, 2021. "3D Variables Requirements for Property Valuation Modeling Based on the Integration of BIM and CIM," Sustainability, MDPI, vol. 13(5), pages 1-22, March.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:5:p:2814-:d:511126
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    References listed on IDEAS

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    1. Touseef Hussain & Jaffar Abbas & Zou Wei & Mohammad Nurunnabi, 2019. "The Effect of Sustainable Urban Planning and Slum Disamenity on The Value of Neighboring Residential Property: Application of The Hedonic Pricing Model in Rent Price Appraisal," Sustainability, MDPI, vol. 11(4), pages 1-20, February.
    2. Fabrizio M. Amoruso & Udo Dietrich & Thorsten Schuetze, 2019. "Integrated BIM-Parametric Workflow-Based Analysis of Daylight Improvement for Sustainable Renovation of an Exemplary Apartment in Seoul, Korea," Sustainability, MDPI, vol. 11(9), pages 1-29, May.
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    4. Natale Arcuri & Manuela De Ruggiero & Francesca Salvo & Raffaele Zinno, 2020. "Automated Valuation Methods through the Cost Approach in a BIM and GIS Integration Framework for Smart City Appraisals," Sustainability, MDPI, vol. 12(18), pages 1-16, September.
    5. Agnieszka Szczepańska & Adam Senetra & Monika Wasilewicz-Pszczółkowska, 2020. "The Influence of Traffic Noise on Apartment Prices on the Example of a European Urban Agglomeration," Sustainability, MDPI, vol. 12(3), pages 1-14, January.
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    7. Kara, Abdullah & van Oosterom, Peter & Çağdaş, Volkan & Işıkdağ, Ümit & Lemmen, Christiaan, 2020. "3 Dimensional data research for property valuation in the context of the LADM Valuation Information Model," Land Use Policy, Elsevier, vol. 98(C).
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    1. Kara, Abdullah & van Oosterom, Peter & Kathmann, Ruud & Lemmen, Christiaan, 2023. "Visualisation and dissemination of 3D valuation units and groups – An LADM valuation information compliant prototype," Land Use Policy, Elsevier, vol. 132(C).

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