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http://dx.doi.org/10.5345/JKIBC.2018.18.6.621

Forecast of Repair and Maintenance Costs for Public Rental Housing  

Lee, Hak-Ju (School of Civil, Environmental and Architectural Engineering, Korea University)
Kim, Sunghee (SH Urban Research Office, Seoul Housing and Communities Corporation)
Kim, Do-Hyung (School of Civil, Environmental and Architectural Engineering, Korea University)
Cho, Hunhee (School of Civil, Environmental and Architectural Engineering, Korea University)
Publication Information
Journal of the Korea Institute of Building Construction / v.18, no.6, 2018 , pp. 621-631 More about this Journal
Abstract
The repair and maintenance cost of domestic public rental housing is an issue of considerable interest and growing financial concern. This paper suggests a quantity-based model as an alternative method for predicting costs, instead of the conventional model which is based on actual cost data. Furthermore, this paper provides a forecast of the repair costs incurred each year during the multi family house's maintenance phase (40 years). The recently changed the long-term repair plan and quality-improved interior materials were considered into the research. In order to estimate the cost of maintenance work, 5 sample apartments were selected and analyzed. The repair and maintenance cost from the case studies was converted to cost per household and per floor area for general use. On the other hand, the net present value method was applied to reflect the effect of time. We expect that the results will help to establish expenditure plans that are more effective for public rental housing in the maintenance stage.
Keywords
repair and maintenance cost; public rental housing; multi family housing; long-term repair plan;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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