ERIC Number: ED197068
Record Type: RIE
Publication Date: 1980-Nov-30
Reference Count: 0
Home Improvement Research Project.
Wolansky, William D.; Ogwezi, Benedict
A study was conducted to determine what alterations, additions, and improvements in older homes make them more desirable to the consumer. After a revlew of the literature, a questionnaire was developed and sent to fifty-five homeowners in Ames, Iowa, who had had major additions or renovations done by contractors during the previous five years. Data from the 35 returned questionnaires (64 percent) was analyzed and the following conclusions were drawn: (1) homeowners had taken steps to reduce energy consumption; (2) persons who believed that their home was located in a desirable residential area were more likely to invest greater resources; (3) updating of mechanical systems (plumbing and electrical) and patios, sundecks, and recreation facilities are viewed as features which have resale appeal; (4) new paint, carpeting, plumbing, roofing, and drapes are the most frequent improvements made to older homes; (5) added bath, living and recreation rooms, and sundecks were the most prevalent additions in major renovations. Recommendations for future study include examining the social status of occupants who improve older homes, cost of such projects and expected rate of return on investment; expanding survey to other areas for comparison; starting research on the possibility of carrying out an extensive home renovation project; and repeating the study in five years. (KC)
Descriptors: Energy Conservation, Facility Improvement, Housing, Housing Needs, Place of Residence, Real Estate, Values
Department of Industrial Education, 114 Industrial Education II, Iowa State University, Ames, IA 50011 (No price given).
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Iowa State Univ. of Science and Technology, Ames. Research Inst. for Studies in Education.
Authoring Institution: Iowa State Univ. of Science and Technology, Ames.
Identifiers: Home Improvement; Iowa (Ames); Market Value
Note: Sponsored in part by Triplett Real Estate.