eprintid: 3797
rev_number: 6
eprint_status: archive
userid: 1
dir: disk0/00/00/37/97
datestamp: 2022-03-18 10:57:21
lastmod: 2022-03-18 10:57:21
status_changed: 2022-03-18 10:57:21
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Feldkamp, Daan
creators_id: S3476448
creators_email: daanfeldkamp@hotmail.com
title: The effects of foundation quality on residential housing value; a case study of the municipality of Rotterdam
ispublished: unpub
full_text_status: public
abstract: This paper employs a mixed methods analysis, co-combining hedonic pricing in the form of OLS regression and problem-centered expert interviews to infer the relationship between foundation quality and residential housing prices. A declining structural quality of a groundwork can have serious implications for the superstructure. This is hypothesized to be observed in transaction prices in the form of a discount. The municipality of Rotterdam, the Netherlands, forms the case study of focus for the research. Combining housing transaction data with foundation examination reports, property characteristics, and fixed effects by means of a hedonic pricing model serves the quantitative analysis. A sample of 921 microtransactions is used to reveal that a degradation of foundation quality of one on a scale of one to six is coupled with a -2.28% decrease in residential housing value. Further regression analysis illustrates that impairment to concrete foundations results in the most severe discount of -14.01% per level, relative to concrete foundations this price adjustment is -1.22% for non-piledriven groundworks. Supplementary expert interviews serve to corroborate these findings and situate them in a broader context. Additionally, consumer behavior, biases, and asymmetric information are explored in relation to the price-determining effects of foundations.
date: 2022
pages: 90
thesis_type: master
degree_programme: VG
tutors_name: Nozeman, E.F.
tutors_name: Mawhorter, S.L.
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_email: E.F.Nozeman@rug.nl
tutors_email: s.l.mawhorter@rug.nl
security: validuser
keywords_local: foundations
keywords_local: housing value
keywords_local: structural quality
keywords_local: mixed methods
keywords_local: consumer behaviour
language_iso: en
agreed_repository: yes
date_issued: 2022-03-14
citation:   Feldkamp, Daan  (2022) The effects of foundation quality on residential housing value; a case study of the municipality of Rotterdam.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/3797/1/Master%20Thesis%20Real%20Estate%20Studies%20-%20Daan%20Feldkamp.pdf