Determinants of the rental housing landlord's renovation decision
Name
45038274-MIT.pdf
Description
Full printable version
Size
4.08 MB
Format
Adobe PDF
Checksum (MD5)
4a2fdebcd503ef2098983255dbf044ca
Author(s)
Stevens, Matthew S. (Matthew Sewall), 1967-
Advisor(s)
Henry O. Pollakowski and William C. Wheaton.
Date Issued
1999
Publisher
Massachusetts Institute of Technology
Abstract
Determinants of the rental housing landlord's decision to renovate are investigated using the Property Owners and Managers Survey conducted by the U.S. Census Bureau in 1995. Relationships are examined between the probability of renovation and the financial, managerial, structural, ownership and tenant characteristics provided by the survey. Four renovation types are examined, kitchen replacement, bathroom renovation, plumbing upgrade and heating system upgrade. Multivariate analysis is used to estimate the relative effects of above characteristics on the likelihood of renovation. Several relationships are found to be important. Recently purchased properties were more likely to be renovated than others. Employment of a property manager decreased likelihood of renovation. Profitable properties appear less likely to be renovated than others. Probability of renovation is affected by, but does not increase directly with, size or age. Further research incorporating both these characteristics and property and neighborhood conditions is recommended.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1999.
Includes bibliographical references (leaf 54).
Subjects
Urban Studies and Planning.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
Terms of Use
M.I.T. theses are protected by
copyright. They may be viewed from this source for any purpose, but
reproduction or distribution in any format is prohibited without written
permission. See provided URL for inquiries about permission.
copyright. They may be viewed from this source for any purpose, but
reproduction or distribution in any format is prohibited without written
permission. See provided URL for inquiries about permission.
Persistent DSpace Link
