Posts Tagged ‘residential’

7.02 – Incorporating Green Building Features and Initiatives into Commercial Property Valuation

[embeddoc url=”” height=”250px” download=”all”]   The rapid acceptance of green buildings internationally has led to awareness of green building features and initiatives (GBFIs) in the South African property industry; however, among South African valuers, it seems the awareness is still in its infancy. Semi-structured interviews were conducted with valuers of varying degrees of experience in […]

7.03 – The Relevance of Green Building Practice in Emerging Markets: A Perceptual Analysis of Commercial and Industrial Building Users in Ibadan, Nigera

[embeddoc url=”” height=”250px” download=”all”]   In this study, we examine the operational challenges of existing green building related features / systems to develop hypotheses about factors that will increase the demand for green buildings. We test these hypotheses by examining the potential green building advantages that will influence users’ adoption of green practices and their […]

7.04 – Factors Influencing U.S. Homebuilders’ Adoption of Green Homebuilding Products

[embeddoc url=”” height=”250px” download=”all”]   While many researchers have analyzed the obstacles to the diffusion of innovation in building construction, little empirical evidence has been gathered about the factors associated with U.S. homebuilders’ adoption of innovative  building  products. In this paper, we develop  a theory- driven diffusion of innovation conceptual model of homebuilders’ adoption of […]

7.05 – Measuring Highway Impacts on House Prices Using Spatial Regression

[embeddoc url=”” height=”250px” download=”all”]   Generally  accepted real estate valuation theory, augmented by ample empirical evidence, supports the notion of significant impacts on prices of residential properties near highways. Houses adjacent to highways are exposed to potentially increased traffic noise, although these homeowners may benefit from increased accessibility to highway systems. This study is prompted […]

7.08 – Californian Realtors’ Perceptions towards Energy-Efficient “Green” Housing

[embeddoc url=”” height=”250px” download=”all”]   Realtors are seen as important enablers of behavior change toward a low-carbon future through the communication of sustainability measures to home buyers and sellers. In 2012 / 2013, research was conducted to assess Californian Realtors’ knowledge of, and perceptions towards, sustainable housing using an online survey instrument. The majority of […]

7.09 – Is Green (still) a Matter of Prime? Stylized Facts about the Location of Commercial Green Buildings

[embeddoc url=”” height=”250px” download=”all”]   We investigate the status quo of commercial green building locations and changes made over time in 103 metropolitan statistical areas (MSAs) to detect indications of the maturity of the commercial green building market. The findings of the descriptive analysis, based on LEED data provided by the U.S. Green Building Council, […]

7.10 – Assessing the Implementation of Mandating Energy Efficiency: Boulder, Colorado’s Implementation of SmartRegs

[embeddoc url=”” height=”250px” download=”all”]   On January 3, 2011, the City of Boulder, Colorado implemented the SmartRegs ordinances updating the city’s housing and rental licensing code by mandating baseline efficiency requirements for rental housing units. We examine the SmartRegs inspector training program relative to the prescriptive path checklist for compliance and quality assurance controls from […]

6.01 – Chemical Hazardous Sites and Residential Prices: Determinants of Impact

[embeddoc url=”” height=”250px” download=”all”]   The Emergency Planning and Community Right-to-Know Act (EPCRA) requires reporting of potential chemical hazardous sites to the Environmental Protection Agency (EPA). The EPA discloses some sites on the Internet while others are not. I investigate whether Internet disclosure makes a difference on the impact a hazardous site has on nearby […]

6.02 -Value Capitalization Effect of Protected Properties: A Comparison of Conservation Easement with Mixed-Bag Open Space

[embeddoc url=”” height=”250px” download=”all”]   In this paper, I examine the impact of open space restrictions on neighboring house prices using hedonic modeling framework and GIS. The comparison is between two groups of parcels in Worcester, Massachusetts: one has a mixture of open space restrictions that limit or prohibit development and the other has a […]

6.03 – Power Lines and Perceived Home Prices: Isolating Elements of Easement Rights and Noise Pollution

[embeddoc url=”” height=”250px” download=”all”]   This study is the first to use experimental design to look beyond the overall impact of power lines on property values by examining specific easement rights and noise pollution concerns. I find that in isolation, easement rights are associated with a non-significant reduction in property value, whereas noise pollution statistically […]

6.04 – “Not in My Backyard”: The Effect of Substance Abuse Treatment Center s on Property Values

[embeddoc url=”” height=”250px” download=”all”]   Residential treatment centers offer the most intense form of treatment for substance abuse and are often embedded in residential neighborhoods. As a result of the Patient Protection and Affordable Care Act, the number of treatment centers has been forecasted to burgeon. We examine the external effect of residential rehab centers […]

6.05 – The Effect of a Large Hog Barn Operation on Residential Sales Prices in Marshall County, KY

[embeddoc url=”” height=”250px” download=”all”]   In this paper, we examine the economic impact of a tightly clustered complex of hog barns, a type of concentrated animal feeding operation (CAFO) on residential property in a rural area near Benton, Kentucky. The operation creates noxious and offensive odors associated with swine-raising and waste disposal activities. Theory and […]

6.08 – The Effect of Sustainability on Retail Values , Rents, and Investment Performance: European Evidence

[embeddoc url=”” height=”250px” download=”all”]   This paper is the first to focus on the effects of sustainability on the investment performance of a European retail portfolio comprising 128 properties in the Netherlands and extends the existing range of studies on the office and residential sectors in the United States. As the data sample is an […]

5.01 – The Relationship between the Occupation of Residential Green Buildings and Pro-environmental Behavior and Beliefs

[embeddoc url=”” height=”250px” download=”all”]   The United Nations strives to promote a healthier society and to develop sustainability, with initiatives such as the New Green Economy, which is part of the United Nations Environment Programme (UNEP). This paper uses a survey of owners and occupiers, using two conceptual frameworks known as the Four Myths of […]

5.03 – The Feasibility of Reducing Greenhouse Gas Emissions in Residential Buildings

[embeddoc url=”” height=”250px” download=”all”]   The American Clean Energy and Security Act of 2009, the so-called Waxman-Markey cap and trade bill, proposed that all residential buildings be renovated to meet existing energy codes upon sale to minimize emissions. In this paper, we examine existing and suggested International Energy Conservation Codes (IECC) and how they compare […]

5.04 – Impact of Energy and Environmental Factors in the Decision to Purchase or Rent an Apartment: The Case of Sweden

[embeddoc url=”” height=”250px” download=”all”]   In this paper, I examine the importance of environmental factors in the residential property market. The paper presents results from a quasiexperimental study and survey responses from 733 occupants of green and conventional buildings. The findings show that energy and environmental building performance factors have rather a minor impact on […]

5.06 – Willingness to Pay for Green Buildings: Empirical Evidence from Switzerland

[embeddoc url=”” height=”250px” download=”all”]   The demand for green buildings and to what extent firms will pay a premium price compared to conventional buildings is a lively debate. Policy instruments like the Swiss CO2-enactment and the Swiss Building Program encourage and incentivize investments in energy-efficient properties. Based on a corporate real estate survey, I investigate […]

5.10 – Transpired Solar Air Collectors: An Energy Efficient Technology for Commercial Builders

[embeddoc url=”” height=”250px” download=”all”]   Buildings account for 41% of energy consumption in the United States. Eighty-five percent of this energy comes from non-renewable fossil fuels. There are several ways to use energy more efficiently and produce energy using renewable energy sources. In this paper, we examine three types of solar technologies—photovoltaic (PV), solar water […]

4.05 – A Market Evaluation of Colorado’s High-performance Commercial Buildings

[embeddoc url=”” height=”250px” download=”all”]   Colorado’s real estate industry leaders remain skeptical about the financial benefits of high-performance commercial buildings. A survey and index were developed to understand the industry’s perspectives on public policies, programs, and market mechanisms. Additionally, a secondary data analysis was conducted to determine if these buildings command financial benefits for the […]

4.06 – Comparative Analysis of Housing in Conservation Developments: Colorado Case Studies

[embeddoc url=”” height=”250px” download=”all”]   Conservation development (CD) is an approach to the site design of a development property that combines residential development and land conservation. CD has been heralded as an environmentally-friendly development alternative and a means to finance land conservation. We employ a Box-Cox hedonic methodology using transaction data for all CD subdivisions […]

4.08 – Landscape Restoration and Stewardship Funded in Perpetuity Through Home-site and Golf Course Development

[embeddoc url=”” height=”250px” download=”all”]   A challenge for sustainable development on restored landscapes is to secure funding in perpetuity for restoration. We report on a project that has provided a stable source of long-term funding for restoration in conjunction with development of housing, a golf course, and other amenities. At the restored site, historic grazing […]

3.02 – Residential Land Values and Walkability

[embeddoc url=”” height=”250px” download=”all”]   The aim of this paper is to determine to what extent the benefits of walkable neighborhoods are reflected in land values. We find that after controlling for population growth and lot size, land values generally increase with walkability and that this result is stable over time.   Authors: Stephanie Yates Rauterkus […]

3.06 – Valuing Green Home Designs: A Study of ENERGY STAR Homes

[embeddoc url=”” height=”250px” download=”all”]   A number of researchers have attempted to isolate the incremental effect of energy efficiency on home value; however, few studies have benefited from the availability of a comprehensive and continuous indicator of home energy efficiency such as the ENERGY STAR program.   Authors: Bryan Bloom, MaryEllen C. Nobe, and Michael D. […]

3.07 – The Demand for Green Housing Amenities

[embeddoc url=”” height=”250px” download=”all”]   This study begins to fill the research void on this topic by examining how important green amenities are in the search for a home to purchase.   Author: Kimberly R. Goodwin

3.08 – The Role of Dual-pane Windows and Improvement Age in Explaining Residential Property Values

[embeddoc url=”” height=”250px” download=”all”]   The results from a hedonic pricing model indicate a positive and statistically significant direct effect for residential transactions with improvements possessing the dual-pane window feature.   Authors: Ramya R. Aroul and J. Andrew Hansz

3.09 – Green Mark Certification: Does the Market Understand?

[embeddoc url=”” height=”250px” download=”all”]   This results of this study found that, although green certification commands a statistically significant premium, the different tiers of certification create confusion among market participants.   Authors: Kwame Addae-Dapaah and Su Jen Chieh

3.10 – The Process for Adopting an Energy Efficiency Code in Existing Homes: A Case Study of Boulder, Colorado’s SmartRegs Program

[embeddoc url=”” height=”250px” download=”all”]   This study analyzes the process the City of Boulder endured to adopt SmartRegs by performing a content analysis of public meeting minutes and conducting interviews with decision makers to identify barriers and success factors.   Authors: Laura Barrett, Scott Glick, and Caroline Clevenger

2.02 – Corporate Real Estate and Corporate Sustainability Reporting: An Examination and Critique of Current Standards

[embeddoc url=”” height=”250px” download=”all”]   This article examines Global Reporting Initiative’s (GRI) corporate sustainability reporting standards and identifies existing and missing linkages with corporate real estate disclosures.   Authors: Steven P. Laposa and Sriram Villupuram

2.13 – Reducing Greenhouse Gases from Buildings in the San Diego Region: An Analysis of Local Government Policy Options

[embeddoc url=”” height=”250px” download=”all”]   This paper evaluates a range of policies within local government authority to reduce greenhouse gas (GHG) emissions from electric and natural gas use associated with buildings.     Author: Scott Anders

2.17 – Wind Farm Announcements and Rural Home Prices : Maxwell Ranch and Rural Northern Colorado

[embeddoc url=”” height=”250px” download=”all”]   This study examines the announcement affect of a proposed wind farm development on an 11,000-acre ranch in Northern Colorado on surrounding rural housing prices.   Authors: Steven P. Laposa and Andrew Mueller