1995
DOI: 10.1108/09588689510101649
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An actuarial model of rehabilitation versus new construction of housing

Abstract: Develops actuarial benefit‐cost ratio models of rehabilitation and new dwelling construction to indicate when investment in public housing is best diverted from new construction into rehabilitation of existing dwellings. The data used by the models are based on an empirical study of the mortality of New Zealand housing stock and assumed schedules of no depreciation, straight line depreciation, and diminishing value depreciation of dwelling services. Shows that under conditions of no depreciation it would be im… Show more

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Cited by 12 publications
(12 citation statements)
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“…Adaptation is inherently sustainable because it involves less material use (i.e. resource consumption), less transport energy, less energy consumption and less pollution during construction (Johnstone, 1995; Bullen, 2007). Embodied energy contained within existing stock is considerable (Binder, 2003), and the Australian Greenhouse Office estimated the reuse of building materials saves approximately 95 per cent of embodied energy.…”
Section: Rationale Of Building Adaptation In Urban Centresmentioning
confidence: 99%
“…Adaptation is inherently sustainable because it involves less material use (i.e. resource consumption), less transport energy, less energy consumption and less pollution during construction (Johnstone, 1995; Bullen, 2007). Embodied energy contained within existing stock is considerable (Binder, 2003), and the Australian Greenhouse Office estimated the reuse of building materials saves approximately 95 per cent of embodied energy.…”
Section: Rationale Of Building Adaptation In Urban Centresmentioning
confidence: 99%
“…The residual lifecycle expectancy can be fully exploited by adaptive reuse and it achieves a sustainable use of buildings [ 19 ]. Adaptive reuse extends the building’s life and avoids demolition waste, encourages reuse of embodied energy, and embraces the different dimensions of sustainability, including economic, social, and environmental [ 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 ]. Adaptive reuse-related policies have already been implemented in some countries, such as the United States and Australia [ 15 ].…”
Section: Literature Reviewmentioning
confidence: 99%
“…As of now it is understood that 'adaptation is inherently environmentally sustainable because it involves less material use (i.e. resource consumption), less transport energy, less energy consumption and less pollution during construction (Johnstone 1995;Bullen, 2007)' (Wilkinson et al, 2014:5).…”
Section: Introductionmentioning
confidence: 99%