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Decisions to Renovate and to Move

Author

Listed:
  • Pnina O. Plaut

    (Technion – Israel Institute of Technology)

  • Steven E. Plaut

    (University of Haifa)

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.

Suggested Citation

  • Pnina O. Plaut & Steven E. Plaut, 2010. "Decisions to Renovate and to Move," Journal of Real Estate Research, American Real Estate Society, vol. 32(4), pages 461-484.
    • Handle: RePEc:jre:issued:v:32:n:4:2010:p:461-484
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    Cited by:

    1. Jenny Schuetz, 2020. "Teardowns, popups, and renovations: How does housing supply change?," Journal of Regional Science, Wiley Blackwell, vol. 60(3), pages 459-480, June.
    2. Stephen B. Billings, 2015. "Hedonic Amenity Valuation and Housing Renovations," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(3), pages 652-682, September.
    3. Dubé, Jean & Desaulniers, Sarah & Bédard, Louis-Philippe & Binette, Antoine & Leblanc, Emmanuelle, 2018. "Urban residential reconversion through demolition: A land use model based on administrative spatial micro-data," Land Use Policy, Elsevier, vol. 76(C), pages 686-696.
    4. Andreja Cirman & Srna MandiÄ & Jelena Zorić, 2013. "Decisions to Renovate: Identifying Key Determinants in Central and Eastern European Post-socialist Countries," Urban Studies, Urban Studies Journal Limited, vol. 50(16), pages 3378-3393, December.
    5. Munneke, Henry J. & Womack, Kiplan S., 2015. "Neighborhood renewal: The decision to renovate or tear down," Regional Science and Urban Economics, Elsevier, vol. 54(C), pages 99-115.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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