The role of sustainability in property renovation: Preferences, challenges, and market perspectives
Vol 8, Issue 16, 2024
VIEWS - 12 (Abstract) 8 (PDF)
Abstract
During property renovations, sustainability is increasingly playing a crucial role in reducing environmental impacts, utilizing resources efficiently, and improving the quality of living environments. In our research, we examined the environmentally conscious thinking of potential clients for sustainable renovations, including their requirements for materials, which encompass enhancing energy efficiency, the importance of waste reduction, the significance of using alternative energy, and the application of eco-friendly, durable, and local materials. According to the results of our quantitative survey, respondents recognized the importance of sustainability considerations and expressed their commitment towards energy-efficient and eco-friendly solutions, although costs and payback periods continued to be decisive factors. We found that advocates of sustainable property renovations in our sample displayed environmentally conscious characteristics, and environmentally conscious consumers are willing to spend more for significant and long-term results. As part of our research, we conducted in-depth interviews with real estate agents and general contractors to understand sustainability considerations in the decision-making process of property renovations. The key lesson from the interviews was that buyers can be segmented into different groups, with those prioritizing environmental awareness being of significant importance. Based on the findings, sustainability is increasingly coming to the forefront in property renovations. Thus, our publication offers a detailed insight into market trends and practices.
Keywords
Full Text:
PDFReferences
Bolikulovich, Khaitov Maruf, and Odina Olimova. “Sustainable Construction and Energy Practices: Implementing Environmentally Friendly Solutions”. Zamonaviy Arxitektura Va Muhandislik Ilmiy Jurnali 1, no. 1 (2024): 1–9.
Dadzie, J., and Sebitla, B. G. (2023). An investigation of factors influencing selection of construction project managers for sustainable renovation projects. Cogent Engineering, 10(1): 2220507. https://doi.org/10.1080/23311916.2023.2220507
Djokoto, S. D., Dadzie, J., and Ohemeng-Ababio, E. (2014). Barriers to sustainable construction in the Ghanaian construction industry: consultants perspectives. Journal of Sustainable Development, 7(1), 134.
Farkas, I. M., and Weiszburg, T. (2006). Mineralogical analysis of settled and airborne dust from Cluj County, Romania (in Hungarian). Geological Bulletin, 136(4), 547–572.
Ferreira, J., Pinheiro, M. D., and de Brito, J. (2013). Refurbishment decision support tools review—Energy and life cycle as key aspects to sustainable refurbishment projects. Energy policy, 62, 1453–1460. https://doi.org/10.1016/j.enpol.2013.06.082
Galiotto, N., Heiselberg, P., and Knudstrup, M. A. (2016). Integrated renovation process: overcoming barriers to sustainable renovation. Journal of architectural engineering, 22(1), 04015007. https://doi.org/10.1061/(ASCE)AE.1943-5568.0000180
Golić, K., Kosorić, V., and Lau, S. K. (2020). A framework for early stages of socially sustainable renovation of multifamily buildings with occupants’ participation. Sustainability, 12(21), 8823. https://doi.org/10.3390/su12218823
Hauge, Å. L., Thomsen, J., and Löfström, E. (2013). How to get residents/owners in housing cooperatives to agree on sustainable renovation. Energy Efficiency, 6(2), 315–328. https://doi.org/10.1007/s12053-012-9175-5
Hossain, M. U., Ng, S. T., Antwi-Afari, P., and Amor, B. (2020). Circular economy and the construction industry: Existing trends, challenges and prospective framework for sustainable construction. Renewable and Sustainable Energy Reviews, 130, 109948.
Jensen, P. A., Maslesa, E., and Brinkø Berg, J. (2018). Sustainable building renovation: Proposals for a research agenda. Sustainability, 10(12), 4677. https://doi.org/10.3390/su10124677
Jowkar, M., Temeljotov-Salaj, A., Lindkvist, C. M., and Støre-Valen, M. (2022). Sustainable building renovation in residential buildings: barriers and potential motivations in Norwegian culture. Construction management and economics, 40(3), 161–172. https://doi.org/10.1080/01446193.2022.2027485
Kálmán B. G., Grotte J., Lakshmi, V., Tóth A., Módos-Szalai Sz., Zugor Zs., and Malatyinszki Sz. (2024a). Sustainable city tourism—A systematic analysis of Budapest and Mumbai. Journal of Infrastructure, Policy and Development (JIPD), 8(9), 7933. http://doi.org/10.24294/jipd.v8i9.7933
Kálmán B. G., Malatyinszki Sz., Bárczi J., and Zéman Z. (2024b). Corrupción e Inclusión Financiera en Hungría y México [Corruption and Financial Inclusion in Hungary and Mexico, in Spanish]. Revista Mexicana de Economía y Finanzas Nueva Época // Mexican Journal of Economics and Finance (REMEF), 19(2). e1015. http://doi.org/10.21919/remef.v19i2.1015
Kálmán B. G., Malatyinszki Sz., Zugor Zs., and Szőke B. (2024c). Perceived Corruption in Light of Green Transition Indicators. Revista de Gestão Social e Ambiental // Environmental and Social Management Journal (RGSA), 18(3). e07855. http://doi.org/10.24857/rgsa.v18n3-166
Kálmán, B. G., and Grotte, J. K. (2023). The Impact of Travel and Tourism Sustainability on a Country’s Image and as the Most Important Factor in the Global Competitive Index: Building Brands Based on Fogel, Schultz, and Schumpeter. Sustainability, 15(22), Article 22. https://doi.org/10.3390/su152215797
Kálmán, B. G., and Poyda-Nosyk, N. (2023). The role of the teacher-student relationship in the innovation of education: Interdisciplinary review of the issue. Scientific Bulletin of Mukachevo State University. Series “Pedagogy and Psychology”, 3(9), Article 9(3). https://doi.org/10.52534/msu-pp3.2023.72
Kumar, M., and Mani, M. (2023, November). Eco-effective sustainability assessment in buildings: Status and future directions for life cycle studies. In Journal of Physics: Conference Series (Vol. 2600, No. 15, p. 152017). IOP Publishing. DOI 10.1088/1742-6596/2600/15/152017
Liu, J., Bengtsson, B., Bohman, H., and Staffansson Pauli, K. (2020). A system model and an innovation approach toward sustainable housing renovation. Sustainability, 12(3), 1130. https://doi.org/10.3390/su12031130
Malmgren, L., Elfborg, S., and Mjörnell, K. (2016). Development of a decision support tool for sustainable renovation–a case study. Structural survey, 34(1), 3–11. https://doi.org/10.1108/SS-07-2015-0031
Negi, A. (2021). Green buildings: Strategies for energy-efficient and eco-friendly designs. Mathematical Statistician and Engineering Applications, 70(1), 683-689.
Németh E., Kálmán B. G., and Malatyinszki Sz. (2024). Pénzügyi biztonság Magyarországon: a 2023-as OECD-felmérés eredményeinek kettős nézőpontú elemzése [Financial security in Hungary: A dual perspective analysis of the 2023 OECD survey results, in Hungarian]. Statisztikai Szemle // Hungarian Statistical Review, 102(9),
Ortiz, O., Castells, F., and Sonnemann, G. (2009). Sustainability in the construction industry: A review of recent developments based on LCA. Construction and building materials, 23(1), 28–39.
Passoni, C., Marini, A., Belleri, A., and Menna, C. (2021). Redefining the concept of sustainable renovation of buildings: State of the art and an LCT-based design framework. Sustainable Cities and Society, 64, 102519. https://doi.org/10.1016/j.scs.2020.102519
Perng, Y. H., Chen, S. M., and Lin, S. C. (2017). Economic analysis for sustainable renovation. Eurasia Journal of Mathematics, Science and Technology Education, 13(12), 8139–8147. https://doi.org/10.12973/ejmste/78633
pp. 896–915. https://doi.org/10.20311/stat2024.09.hu0896
Presley, A., and Meade, L. (2010). Benchmarking for sustainability: an application to the sustainable construction industry. Benchmarking: an international Journal, 17(3), 435–451.
Purvis, B., Mao, Y., and Robinson, D. (2019). Three pillars of sustainability: in search of conceptual origins. Sustainability science, 14, 681–695. https://doi.org/10.1007/s11625-018-0627-5
Smirnova, E., and Larionov, A. (2020). Justification of environmental safety criteria in the context of sustainable development of the construction sector. In E3S Web of Conferences (Vol. 157, p. 06011) EDP Sciences.
Šuman, N., Marinič, M., and Kuhta, M. (2020). A methodological framework for sustainable office building renovation using green building rating systems and cost-benefit analysis. Sustainability, 12(15), 6156. https://doi.org/10.3390/su12156156
The creation of green buildings is becoming increasingly common.
Waseem, N., and Kota, S. (2017). Sustainability definitions—An analysis. In Research into Design for Communities, Volume 2: Proceedings of ICoRD 2017 (pp. 361–371). Springer Singapore. DOI: 10.1007/978-981-10-3521-0_31
Zhang, F., Shi, L., Liu, S., Shi, J., and Yu, Y. (2022). Sustainable renovation and assessment of existing aging rammed earth dwellings in Hunan, China. Sustainability, 14(11), 6748. https://doi.org/10.3390/su14116748
DOI: https://doi.org/10.24294/jipd10002
Refbacks
- There are currently no refbacks.
Copyright (c) 2024 Szonja Jenei, Szilvia Módosné Szalai, Attila Kurucz
License URL: https://creativecommons.org/licenses/by/4.0/
This site is licensed under a Creative Commons Attribution 4.0 International License.