Increasing the Market Value of Buildings Through Energy Retrofitting: A Comparison of Actual Retrofit Costs and Perceived Values
Buildings,
Journal Year:
2025,
Volume and Issue:
15(3), P. 376 - 376
Published: Jan. 25, 2025
This
study
investigates
how
energy
retrofitting
measures
contribute
to
increasing
the
market
value
of
multi-family
residential
buildings
within
European
real
estate
market.
It
examines
efficiency
improvements,
driven
by
EU
decarbonization
strategies,
enhance
actual
and
perceived
these
properties.
The
research
employs
a
dual-methodology
approach,
integrating
Cost
Approach
estimate
financial
impact
with
Contingent
Valuation
Method
(CVM)
evaluate
consumer
willingness-to-pay
(WTP)
for
energy-efficient
Two
case
studies
are
considered
methodology
monetary
is
affected
their
efficiency.
results
revealed
that
subjected
deep
more
attractive
potential
buyers,
who
willing
pay
premium
13.5%
over
properties
in
pre-retrofit
conditions.
underscores
tangible
increment
attributed
enhancements.
bridges
gap
between
quantifiable
costs
valuation,
offering
dual
perspective
both
cost
analysis
value.
Moreover,
this
work
highlights
correlation
retrofit
investments
increased
sector.
Language: Английский
Is the Energy Transition of Housing Financially Viable? Unlocking the Potential of Deep Retrofits with New Business Models
Buildings,
Journal Year:
2025,
Volume and Issue:
15(7), P. 1175 - 1175
Published: April 3, 2025
The
transition
to
energy-efficient
buildings
is
a
priority
of
the
European
EPBD
(Energy
Performance
Building
Directive)
and
requires
deep
retrofits
reduce
consumption
emissions.
However,
their
financial
viability
remains
underexplored.
This
research
assesses
feasibility
retrofit
interventions
through
innovative
business
models,
focusing
on
Managed
Energy
Services
Agreement
(MESA),
which
considered
most
effective
for
residential
buildings.
Additionally,
we
integrate
off-site
production
from
Energiesprong
model,
optimizes
costs
time
long-term
contracts
industrialized
technologies.
analysis
targets
two
investment
profiles—owner/tenant
developer/entrepreneur—in
Italian
urban
contexts
with
different
market
dynamics.
A
static
evaluates
based
existing
technologies,
while
dynamic
considers
future
profitability
improvements
because
cost
reductions
enabled
by
production.
results
indicate
that,
under
current
conditions,
retrofitting
not
financially
sustainable
without
public
subsidies.
driven
technologies
improve
profitability,
making
large-scale
feasible.
Moreover,
real
estate
characteristics
affect
sustainability:
in
smaller
cities,
deeper
are
necessary
become
viable.
Language: Английский
ESG in the real estate valuations. A portfolio selection model for energy retrofit programs
Valori e Valutazioni,
Journal Year:
2024,
Volume and Issue:
36, P. 27 - 41
Published: Jan. 1, 2024
European
directives
on
sustainable
finance
identify
binding
guidelines
in
investment
planning
for
the
decarbonization
of
real
estate
sector.
The
Sustainable
Finance
Disclosure
Regulation
regularizes
methods
economic
evaluation
projects
by
identifying
pillars
Environmental
(E),
Social
(S)
and
Governance
(G)
as
thematic
reference
stylistic
features.
ESG
triptych
constitutes
inspiration
scientific
literature
field
proposal
testing
valuation
algorithms
aimed
at
optimal
structuring
portfolios.
paper
proposes
an
ESG-based
economic-financial
analysis
model
energy
retrofit
programs
referring
to
existing
assumes
configuration
a
multi-objective
system
built
borrowing
algebraic
formalisms
Operations
Research,
especially
those
optimization
algorithms.
These
make
it
possible
construct
logical-functional
relationships
such
represent
anatomy
proposed
terms
objective
function
constraints,
example
pathway
target,
or
even
available
budget.
implementation
model,
applied
case
study,
returns
time
priority
list
assets
be
efficient,
balancing
each
costs,
payback
period
post-retrofit
CO2
production.
Language: Английский