IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v30y1993i9p1561-1576.html
   My bibliography  Save this article

House Extensions and Housing Market Adjustment: A Case-study of Wokingham

Author

Listed:
  • James A. Gosling

    (Department of Economics, Faculty of Urban and Regional Studies, University of Reading, PO Box 219, Reading RG6 2BU, UK)

  • Geoffrey Keogh

    (Department of Economics, Faculty of Urban and Regional Studies, University of Reading, PO Box 219, Reading RG6 2BU, UK)

  • Michael J. Stabler

    (Department of Economics, Faculty of Urban and Regional Studies, University of Reading, PO Box 219, Reading RG6 2BU, UK)

Abstract

This paper identifies possible explanations of house extension, based on the literature relating to house improvement and the decision to move. House extension, both as a form of housing market adjustment and as an individual household choice, is examined in a case-study of extension activity in Wokingham. Over the period 1979-89, house extension appears to be closely related to movements in house prices and can be seen as a form of housing development. A questionnaire survey of extenders who successfully applied for planning permission in 1987 provides information on house type, household characteristics, reasons for extending, and the degree of satisfaction with extension expenditure. Extension appears less likely to be triggered by specific life-cycle events, like increases in household size or income, representing instead a progressive upgrading of property to achieve higher space standards.

Suggested Citation

  • James A. Gosling & Geoffrey Keogh & Michael J. Stabler, 1993. "House Extensions and Housing Market Adjustment: A Case-study of Wokingham," Urban Studies, Urban Studies Journal Limited, vol. 30(9), pages 1561-1576, November.
  • Handle: RePEc:sae:urbstu:v:30:y:1993:i:9:p:1561-1576
    DOI: 10.1080/00420989320081501
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420989320081501
    Download Restriction: no

    File URL: https://libkey.io/10.1080/00420989320081501?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dunn, L. F., 1979. "Measuring the value of community," Journal of Urban Economics, Elsevier, vol. 6(3), pages 371-382, July.
    2. Potepan, Michael J., 1989. "Interest rates, income, and home improvement decisions," Journal of Urban Economics, Elsevier, vol. 25(3), pages 282-294, May.
    3. Thomas P. Boehm & Keith R. Ihlanfeldt, 1986. "The Improvement Expenditures of Urban Homeowners: An Empirical Analysis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 14(1), pages 48-60, March.
    4. Mendelsohn, Robert, 1977. "Empirical evidence on home improvements," Journal of Urban Economics, Elsevier, vol. 4(4), pages 459-468, October.
    5. Oskar R. Harmon & Michael J. Potepan, 1988. "Housing Adjustment Costs: Their Impact on Mobility and Housing Demand Elasticities," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 459-478, December.
    6. Mayer, Neil S., 1981. "Rehabilitation decisions in rental housing: An empirical analysis," Journal of Urban Economics, Elsevier, vol. 10(1), pages 76-94, July.
    7. A. L. Ziegert, 1988. "The Demand for Housing Additions: An Empirical Analysis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 479-496, December.
    8. Hanushek, Eric A. & Quigley, John M., 1979. "The dynamics of the housing market: A stock adjustment model of housing consumption," Journal of Urban Economics, Elsevier, vol. 6(1), pages 90-111, January.
    9. Jones, Colin A, 1981. "Residential Mobility: An Economic Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 28(1), pages 62-75, February.
    10. P.B. McLeod & J.R. Ellis, 1982. "Housing Consumption Over the Family Life Cycle: an Empirical Analysis," Urban Studies, Urban Studies Journal Limited, vol. 19(2), pages 177-185, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Wen-Chieh Wu & Yu-Chun Ma & Steven C. Bourassa, 2018. "Folk Customs and Home Improvement Decisions," International Real Estate Review, Global Social Science Institute, vol. 21(3), pages 317-341.
    3. Ishikawa, Noriko & Fukushige, Mototsugu, 2010. "Households' attitudes toward earthquake protection: An empirical analysis of the impact of fiscal support in Japan," Journal of Housing Economics, Elsevier, vol. 19(1), pages 51-65, March.
    4. Guy Garrod & Ken Willis & A. Graham Tipple, 1995. "A Two-stage Econometric Analysis of the Housing Extension Decision in Kumasi, Ghana," Urban Studies, Urban Studies Journal Limited, vol. 32(6), pages 953-970, June.
    5. Gyourko, Joseph & Saiz, Albert, 2004. "Reinvestment in the housing stock: the role of construction costs and the supply side," Journal of Urban Economics, Elsevier, vol. 55(2), pages 238-256, March.
    6. Sewin Chan, 1995. "Residential Mobility and Mortgages," NBER Working Papers 5181, National Bureau of Economic Research, Inc.
    7. Risch, Anna, 2020. "Are environmental fiscal incentives effective in inducing energy-saving renovations? An econometric evaluation of the French energy tax credit," Energy Economics, Elsevier, vol. 90(C).
    8. Joseph Gyourko & Joseph Tracy, 2006. "Using Home Maintenance and Repairs to Smooth Variable Earnings," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 736-747, November.
    9. Andrew F. Haughwout & Sarah Sutherland & Joseph Tracy, 2013. "Negative equity and housing investment," Staff Reports 636, Federal Reserve Bank of New York.
    10. A. Graham Tipple & Gillian A. Masters & Guy D. Garrod, 2000. "An Assessment of the Decision to Extend Government-built Houses in Developing Countries," Urban Studies, Urban Studies Journal Limited, vol. 37(9), pages 1605-1617, August.
    11. Ti-Ching Peng, 2013. "An Institutional Economic Analysis of the Decision to Do-it-yourself in Housing Renovation," Urban Studies, Urban Studies Journal Limited, vol. 50(9), pages 1796-1816, July.
    12. Helms, Andrew C., 2003. "Understanding gentrification: an empirical analysis of the determinants of urban housing renovation," Journal of Urban Economics, Elsevier, vol. 54(3), pages 474-498, November.
    13. 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.
    14. Horn, Keren Mertens, 2015. "Can improvements in schools spur neighborhood revitalization? Evidence from building investments," Regional Science and Urban Economics, Elsevier, vol. 52(C), pages 108-118.
    15. Chan, Sewin, 1996. "Residential mobility and mortgages," Regional Science and Urban Economics, Elsevier, vol. 26(3-4), pages 287-311, June.
    16. 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.
    17. 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.
    18. Amanda Littlewood & Moira Munro, 1997. "Moving and Improving: Strategies for Attaining Housing Equilibrium," Urban Studies, Urban Studies Journal Limited, vol. 34(11), pages 1771-1787, November.
    19. Haurin, Donald R. & Gill, H. Leroy, 2002. "The Impact of Transaction Costs and the Expected Length of Stay on Homeownership," Journal of Urban Economics, Elsevier, vol. 51(3), pages 563-584, May.
    20. Gerardi Kristopher & Willen Paul, 2009. "Subprime Mortgages, Foreclosures, and Urban Neighborhoods," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-37, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:30:y:1993:i:9:p:1561-1576. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.