Abstract
Building and developing an affordable housing market is a huge challenge for Russia’s national economy. Today, the housing construction industry finds itself in a situation torn by a conflict caused by the simultaneous needs to minimize the housing construction costs in order to make housing more affordable for Russians and to increase the energy efficiency of the housing projects, which is associated with additional costs for developers. To find solutions to this contradictory situation, one needs new theoretical and practical approaches and economic tools. The global economic trend of managing goods and services on the basis of the value of goods and services over the life cycle is also manifested in the construction industry in Russia. The problem of forming a new economic thinking in the housing sector predetermines the perception of the value of housing not only as the price of purchased real estate, but as the equivalent of the total cost of ownership of real estate throughout its life cycle. This approach allows to compensate the initial rise in the cost of construction resulting from the introduction of energy-efficient technologies by savings in the operational phase of the life cycle of the property. In this regard, management of the total cost of real estate ownership based on energy modeling is of high research and practical relevance.
Highlights
The priority of building economy class housing was reiterated in the adopted the government program of the Russian Federation "Provision of affordable and comfortable housing and utility services." It involves bringing after 2016 the share of economy class housing up to 60% of the total commissioned space in residential construction
The contradictory need to reduce the cost of construction and to simultaneously increase investment in energy-efficient construction creates a problematic situation. Addressing this problem in the context of the ongoing economic crisis requires new theoretical and practical approaches and economic tools that should include the application of a methodological approach to the calculation of the cost of ownership of real estate based on the total cost over the life cycle of the real estate, as well as management of the total cost
A study of the obtained results allowed the authors to formulate proposals and practical recommendations on developing sustainable management strategies for reducing the cost of ownership of real estate on the basis of multiple energy-efficient design solutions: 1. All the proposed cost of ownership management strategies C1-C5 can be recommended for practical application, because they lead to a reduction in the cost of ownership; 2
Summary
The priority of building economy class housing was reiterated in the adopted the government program of the Russian Federation "Provision of affordable and comfortable housing and utility services." It involves bringing after 2016 the share of economy class housing up to 60% of the total commissioned space in residential construction. Analysis shows that the construction of all types of residential buildings, including economy class projects, should be conducted with a gradual improvement of the energy efficiency standards, involving an additional increase in the cost of residential construction per square meter. The contradictory need to reduce the cost of construction and to simultaneously increase investment in energy-efficient construction creates a problematic situation. Addressing this problem in the context of the ongoing economic crisis requires new theoretical and practical approaches and economic tools that should include the application of a methodological approach to the calculation of the cost of ownership of real estate based on the total cost over the life cycle of the real estate, as well as management of the total cost
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