Decisions to Renovate and to Move

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					Decisions to Renovate and to Move

Authors                 P n i n a O . P l a u t a n d S t eve n E . P l a u t




Abstract                Housing renovation is the main alternative means of housing
                        supply besides construction of new housing. Relatively little is
                        known about the factors that affect decisions by households
                        about whether to renovate and which sort of renovations to
                        undertake. These questions are explored empirically. Separate
                        analyses are conducted of the decision to undertake ‘‘major
                        structural renovations’’ as opposed to other sorts (such as
                        remodeling the kitchen or bathroom), and also of the decision to
                        conduct renovation
				
DOCUMENT INFO
Description: Housing renovation is the main alternative means of housing supply besides construction of new housing. Relatively little is known about the factors that affect decisions by households about whether to renovate and which sort of renovations to undertake. These questions are explored empirically. Separate analyses are conducted of the decision to undertake ''major structural renovations'' as opposed to other sorts (such as remodeling the kitchen or bathroom), and also of the decision to conduct renovations that add to the living space of the housing unit. Financial, household and geographic factors affecting this decision are analyzed econometrically. [PUBLICATION ABSTRACT]
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