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Energy-Efficient Technologies and the Building’s Saleable Floor Area: Bust or Boost for Highly-Efficient Green Construction?
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Building and Real Estate Economics.ORCID iD: 0000-0002-8745-7390
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Building and Real Estate Economics.ORCID iD: 0000-0003-4841-5056
KTH, School of Architecture and the Built Environment (ABE), Civil and Architectural Engineering.
2013 (English)In: Buildings, ISSN 2075-5309, Vol. 3, no 3, 570-587 p.Article in journal (Refereed) Published
Abstract [en]

When the external measurements of a building are fixed, an increase in external wall thickness caused by additional insulation, for example, will lead to loss of saleable floor area. This issue has to be taken into account in the evaluation of investment profitability. This paper examines how technologies used in energy-efficient residential building construction affect the available saleable floor area and how this impacts profitability of investment. Using a modeled building and an analysis of the average construction cost, we assessed losses and gains of saleable floor area in energy-efficient buildings. The analysis shows that the impact of potential losses or gains of saleable floor area should be taken into account when comparing investment alternatives: building energy-efficient green dwellings or building conventional ones. The results indicate that constructing energy-efficient buildings and introducing very energy-efficient technologies may be energy- and cost-effective even compared with conventional buildings. Employing new products in energy-efficient construction allows benefit to be drawn from lower energy consumption during the life cycle of the building, but also from the increase in saleable floor area.

Place, publisher, year, edition, pages
2013. Vol. 3, no 3, 570-587 p.
Keyword [en]
energy-efficiency, profitability, construction cost, green residential building, low energy building
National Category
Economics and Business Business Administration
Identifiers
URN: urn:nbn:se:kth:diva-131381DOI: 10.3390/buildings3030570OAI: oai:DiVA.org:kth-131381DiVA: diva2:655935
Note

QC 20131014

Available from: 2013-10-14 Created: 2013-10-14 Last updated: 2013-10-14Bibliographically approved
In thesis
1. In the Business of Building Green: The value of low-energy residential buildings from customer and developer perspectives
Open this publication in new window or tab >>In the Business of Building Green: The value of low-energy residential buildings from customer and developer perspectives
2013 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

An overarching aim of this research was to investigate the comprehensive value of green residential buildings as seen from two perspectives: that of the developer and that of the occupant (the customer). The dissertation consists of studies presented in seven papers.  The studies conducted to investigate the developer’s perspective focused on construction cost and potential profit (papers I and VII). The customer’s perspective was examined with three approaches: the impact that energy and environment have on the decision to purchase (or rent) an apartment (paper V), willingness to pay for a green apartment (paper VI) and finally, the occupants’ satisfaction with the dwelling and indoor environment (papers II, III and IV). 

The first paper examines whether increased investment costs are profitable, taking into account the reduction in operating costs. The investment viability is approached by comparing investment in conventional and green residential building, particularly passive houses, using real construction and post-occupancy conditions. The increased investment costs in energy-efficient building were also the focus of paper VII. In this paper, the aim was to study how technologies used in energy-efficient residential building construction affect the available saleable floor area and how this impacts on the profitability of the investment. Potential losses and gains of saleable floor area in energy-efficient buildings were assessed using a modelled building and analysed with the help of the average construction cost.

Papers II and IV present results from a study of occupants’ satisfaction and indoor environmental qualities. Both papers aim at comparing and analysing responses from occupants living in green and conventional buildings. Paper III focuses on a similar subject, but investigates occupants’ satisfaction among all adults living in multi-family buildings in Sweden, providing a national context for the results presented in papers II and IV. The results indicate that occupants are generally satisfied with their dwellings, but indoor environment proved to have a statistically significant effect on overall satisfaction.

The results in paper V indicate that energy and environmental factors have a minor impact on customers’ decision to purchase or rent an apartment. However, availability of information on building energy and environmental performance may have an effect on the likelihood of the buyers’ being interested in environmental qualities and consequently an impact on their decision. The study presented in paper VI shows that customer interest in energy and environmental factors has a significant impact on stated willingness to pay for green dwellings. The paper discusses the stated willingness to pay for low-energy buildings and buildings with an environmental certificate and attempts to assess the rationale of the stated willingness to pay for low-energy dwellings given potential energy savings.

Abstract [sv]

Fokus i detta forskningsprojekt har legat på att undersöka värdet av gröna bostäder ur ett brett perspektiv, dvs både genom att studera byggherrens och de boendes (kundens) synpunkter. I avhandlingen ingår sju uppsatser. Undersökningen av byggherrens synpunkter fokuserades på kostnader och potentiella inkomster (uppsats I och VII). Kundernas åsikter undersöktes på tre olika sätt: vilken effekt energi och miljö faktorer hade på beslut att köpa eller hyra en lägenhet (uppsats V), betalningsvilja för gröna bostäder (uppsats VI) och slutligen de boendes trivsel samt nöjdhet med inomhusmiljön (uppsats II,III och IV).

Den första uppsatsen syftar till att undersöka om ökningen av investeringskostnader vid byggande av gröna byggnader kan täckas av framtida energibesparingar och minskning av driftkostnad. Investeringens lönsamhet undersöktes genom att jämföra skillnader i byggkostnader mellan konventionella och gröna bostäder med skillnader i driftskostnader givet olika antaganden om energipriser och räntekrav. Huvudfokus i uppsats VII var också byggkostnader, men denna gång undersöktes hur nya tekniska lösningar påverkar boarea och lönsamhet av energieffektiva bostäder.  Genom att konstruera en modell av ett typhus analyserades potentiella ökningar i boarea med nya lösningar och hur detta påverkade lönsamheten i olika geografiska lägen (prisnivåer).

Uppsatserna II och IV presenterar resultat från boendeundersökningar. Båda uppsatserna syftar till att undersöka boendes trivsel och nöjdhet med inomhusmiljö samt att testa skillnaden i svar från boende i gröna och konventionella bostäder.  Uppsats III fokuserar också på inomhusmiljön, men analysen gjordes på svaren som samlades in under Boverkets projekt BETSI och resultaten är därmed representativa för alla vuxna som bor i flerfamiljshus i Sverige. Uppsats III ger därmed en national kontext för uppsatserna II och IV. Resultaten visar att boende trivs i sina bostäder, men inomhusmiljön har en statistiks signifikanta effekt på allmän nöjdhet faktor..

Resultaten i uppsats V tyder på att energi- och miljöaspekter spelar mindre roll i beslutet att köpa eller hyra en lägenhet. Den synliga informationens tillgänglighet angående byggnadens energi- och miljöprestanda, påverkar kundens intresse för dessa faktorer och därmed indirekt hushållets beslut. Resultaten i uppsats VI pekar på att kunderna, som är intresserade av byggnaders energi och miljö prestanda, är villiga att betala mer för gröna bostäder. I uppsats 6 diskuteras betalningsvilja för låg-energi byggnader och för byggnader med miljöcertifikat samt utvärderas om den angivna betalningsviljan är rationell beslut när man tar hänsyn till nuvärdet av framtida energibesparingar.

Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2013. 28 p.
Series
Trita-FOB-PHD, 2013:1
Keyword
sustainability, green buildings, residential buildings, low-energy, energy-efficiency, construction cost, profitability, occupant satisfaction, indoor environment quality (IEQ), hållbarhet, gröna byggnader, bostäder, låg-energi, energieffektivitet, byggkostnad, lönsamhet, boende nöjdhet, inomhusmiljö
National Category
Other Civil Engineering
Identifiers
urn:nbn:se:kth:diva-131375 (URN)978-91-85783-32-8 (ISBN)
Public defence
2013-10-30, F3, Lindstedtsvägen 26, KTH, Stockholm, 13:00 (English)
Opponent
Supervisors
Note

QC 20131014

Available from: 2013-10-14 Created: 2013-10-14 Last updated: 2015-03-02Bibliographically approved

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Zalejska-Jonsson, AgnieszkaLind, Hans

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