Advances in costs optimization methods – key study of maintenance and restoration of cultural heritage

Abstract

The article deals with the issue of restoration and care of cultural heritage buildings in the Czech Republic. The content is focused mainly on the topic of valuation of construction works. Obtaining quality documents is very important for planning reconstruction and maintenance works on a building of cultural heritage. Proper and timely maintenance work is the key to maintaining the value of the building and increasing its viability. The tool for assessing the economic sustainability of an immovable cultural heritage is a life cycle cost analysis carried out on the basis of relevant input data on the technical parameters of the building, structural elements and equipment, the time period of the occurrence of costs related to them. The analysis becomes an important basis for decision-making by the owner, the designer and the future user on choosing the optimal variant of the technical solution for restoration, also with regard to ecological aspects, cultural and historical value and long-term economic consequences.

Positive or Negative: The Heterogeneities in the Effects of Urban Regeneration on Surrounding Economic Vitality—From the Perspective of Housing Price

“…Finally, due to the lack of available data, a detailed examination of the time-series effects that span multiple stages of urban regeneration implementation could not be conducted in detail in this study. With the increasing emphasis on life circle analysis in sustainable urban regeneration [82,83], the dynamic effects evaluation on different regeneration phases is recommended. Note: D + i indicates the distance from urban regeneration project i to the positive ideal solution, while D − i indicates the distance from urban regeneration project i to the negative ideal solution.…”

Managing Facilities in Historic Buildings: A Stewardship-Based Strategy for Long-Term Socio-economic Value

“…The first key finding is that stewardship as a strategic concern has given an alternative perspective to the current and dominant HB discourse consisting of the drive for sustainability [3], the effect of heritage regulation [28], and HB usability [12] as limitations on HB reuse. Specifically, the findings presented here suggest that rather than a constraint, limitation, or barrier to the development of HBs, stewardship, if perceived as an organisational strategy and shaped by the organisation's desire to protect the HB, can enable FMs and building users to accept operational issues as a compromise, part of the aesthetic, or a necessary requirement for the privilege of occupying such a space; this is particularly pertinent when considering historic buildings, such as monuments, where the life cycle costs are primarily composed of restoration expenses [58]. In fact, one of the recent studies discussed the complexities and challenges faced when preserving and maintaining historic buildings.…”

Real Estate Insights on Mortgage Rates, Apartment Prices, and Rentals in Czech Republic

“…Recent studies have highlighted the significant influence of economic sustainability analysis on the maintenance and restoration decisions regarding cultural heritage buildings. Pojar et al (2022) emphasizes the importance of life cycle cost analysis for immovable cultural heritage, which directly impacts the valuation of construction works and economic consequences in the long term (Pojar, Macek, Heralová, & Vitásek, 2022). This methodology not only aids in preserving the historical and cultural value of the structures but also plays a crucial role in the real estate market by maintaining the viability and value of these properties.…”