Lack of attention to geological conditions investing in land plot for construction

• Autorzy: Urbanaviciene Vita , Skuodis Sarunas

Identyfikatory

DOI

10.21307/ACEE-2019-054

• Języki publikacji: EN

Abstrakty

EN

Decisions - where and what type of building to build - are very important, determine the quality of life of residents, profitability and returns of companies. Considering of long-term asset acquisition decisions, purchasers or investors seek for proper and worth to invest land plot for construction. In real estate valuation literature usually the list of 7 or 12 factors influencing value and price of land plot is presented and broadly discussed. Certain factors raise property prices and others bring them down. Despite its importance, the influence of geological conditions on the appraised land plot are seldom investigated. Authors discuss how strongly land plot geological conditions can affect costs of prospect construction, thus decrease net present value of real estate investment project and profitability of property. In this paper the implication of negligence or underestimation of soil conditions valuation is highlighted and illustrated by case studies which show how such inobservance has resulted in a huge rise of unexpected costs of construction and loss of time.

Słowa kluczowe

EN

construction costs; geological and soil conditions; land plot valuation factors; real estate development; geological investigations

PL

koszty budowy; warunki geologiczno-gruntowe; czynniki wyceny działki; rynek nieruchomości; badania geologiczne

• Wydawca: Silesian University of Technology
• Czasopismo: Architecture Civil Engineering Environment
• Rocznik: 2019
• Tom: Vol. 12, no. 4
• Strony: 87--95
• Opis fizyczny: Bibliogr. 38 poz.

Twórcy

autor

Urbanaviciene Vita

• Associate Prof. Dr.; Faculty of Civil Engineering, Vilnius Gediminas Technical University, Sauletekio al. 11, Vilnius, Lithuania

autor

Skuodis Sarunas

• Associate Prof. Dr.; Faculty of Civil Engineering, Vilnius Gediminas Technical University, Sauletekio al. 11, Vilnius, Lithuania

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Uwagi

PL

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).