• Title/Summary/Keyword: Apartment Remodeling Project

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Feasibility Study on Remodeling Project By Using Real Option Model : Focusing on Apartment House Remodeling (실물옵션을 활용한 공동주택 리모델링 사업성 평가에 관한 연구 - 아파트 리모델링 사례를 중심으로 -)

  • Yeon, JungHoon;Lee, Hyun-Soo;Park, Moonseo;Kim, Sooyoung;Ahn, Joseph
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.1
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    • pp.39-50
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    • 2014
  • After the global financial crisis, domestic construction industry has gone through a rapid recession. This resulted in gradual market shift towards architectural remodeling. Architectural remodeling not only improves residential environment but it has many advantages such as increase of each unit's exclusive area, free space within the horizontal or extension of an annex building, and increase number of household through splitting the household of bigger pyeong, etc. However, in case of the Korean market for apartment remodeling, due to various regulations and problem with business promotion procedures, majority of business is slow despite the figure that remodeling volume is not that small. Also, feasibility study which decides to push ahead public house remodeling business will have a flaw using net present value's law; it has a flaw of not considering properties of each phase of remodeling business and future's uncertainty. Hence, this research will improve the problem of traditional value assessment method of net present value's law. It will also consider one of the real options such as binomial model in order to supplement NPV which is used in current feasibility study. This research was based on real successful cases of public house remodeling and it was possible for feasibility study which was more realistic and valid. This research provided foundation for development of Korean public house remodeling market. There is high anticipation of increasing the validity by improving the problems of current feasibility study and economic efficiency assessment.

Improvement of Calculating Method of the Officially Assessed Individual House Price of Aged Apartment Remodeling Reflecting Feasibility Analysis (사업성분석을 반영한 공동주택 맞춤형 리모델링의 공시가격 산정방법 개선)

  • Bae, Byungyun;Kim, Kyungrai;Shin, Dongwoo;Cha, Heesung
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.6
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    • pp.89-97
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    • 2017
  • The number of Aged Apartment units is expected to increase as time went on. Living standards are getting better and they want a new apartment space as the economy progresses. Therefore, it is necessary to prepare for the increasing remodeling market through the feasibility evaluation method that can be applied to the remodeling project of the apartment house. The purpose of this study is to analyze the social pricing factors affecting the Officially assessed individual House Price for the analysis model of commercial house remodeling. The collected samples were analyzed using multiple regression analysis of 350 prices included in 127 lots. Middle school level, high school level, total number of households, and floor area ratio were extracted. As a result of comparing the Officially assessed individual House Price by applying to the remodeling case, the difference between the existing Officially assessed individual House Price and the improvement Officially assessed individual House Price is different. The accessibility with the subway station is included in the land price, and there is no change in the number of stories and directions because it is customized remodeling. There was a difference in the disclosure price depending on the type of factor extraction by the evaluator in a batch application of the disclosure price factors. The research can be used as a model for future remodeling business feasibility analysis.

A Study on the Time-Sectional Analysis of Apartment Housing related research in Korea (국내 아파트 관련 연구의 연구주제 시계열 분석)

  • Kim, Tae-Sok;Park, Jong-Mo;Park, Eu-Gene;Han, Dong-Suk
    • Journal of the Architectural Institute of Korea Planning & Design
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    • v.34 no.3
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    • pp.45-52
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    • 2018
  • Currently, apartments have become an important research subject for the overall area of politics, economics, and culture as well as urban architectural study. However, there are few analyses of the research trends related to the current interest in the apartment research and prediction of the future changes of an apartment in politics and industry. In this study, the research information related to the apartment has classified, and the changes in the research trends have analyzed. Based on the classified data, the first thesis and dissertation related to the apartment and changes of academic notation have discovered. In addition, future interests and future research directions through Frequency of Appearance, Degree Centrality Analysis, and Betweenness Centrality Analysis of author keywords were predicted. As a result of the analysis, 'Space,' 'Residential Mobility' and 'Apartment Complex' studies were found to be important research topics throughout the entire period. 'Han Gang Apartment,' 'Small Size Apartment,' 'Civic Apartments,' 'Jamsil,' and 'Child' were newly interested topics until 70's era. '(Super) High-rise Apartment,' 'Perception,' 'Jugong Apartment,' 'Housing Environment,' 'Housewife,' 'Apartment Layout,' and 'Busan' were newly interested topics during the 80's and 90's era. 'Apartment Price,' 'Energy,' 'Remodeling,' 'Noise,' 'Resident Satisfaction,' 'Community,' and 'Apartment Lotting-out' were newly interested topics after the year 2000. New concerns for last decade are found to be 'Super High-rise Apartment', 'Remodeling', 'Indoor'(2007), 'Apartment Reconstruction Project', 'Brand', 'AHP', 'Housing Environment'(2008), 'Ventilation'(2009), 'Apartment Lotting-out'(2010), 'Economic Assessment'(2011), 'Cost'(2012), 'Green Building', 'Apartment Sales', 'Law', 'Society'(2013), 'Floor Impact Noise', 'Seoul'(2014), 'Noise'(2015), 'Hedonic Model'(2016). In addition, following research topics are expected to be active in the future: In maturity stage of the research development is going to be 'Apartment Price', 'Space', 'Management of Apartment Housing'; the hedonic model, which is research growth and development stage, is going to be '(Floor Impact) Noise', 'Community', 'Energy.

A Study on Reconstruction and Remodeling's Selection Factors of Old Apartment Houses Using PROMETHEE-AHP (PROMETHEE-AHP 기법을 이용한 노후 공동주택의 재건축과 리모델링 사업선택요소 선정에 관한 연구)

  • Yoo, Seung-Min;Kwon, Oh-kyung;Choi, Yoonki
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.3
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    • pp.77-85
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    • 2019
  • Reconstruction and remodeling have been introduced as a part of renewal (redevelopment) projects for old apartments built after the mid-1970's and government policies for revitalizing each project has been changed continually. However, the frequent changes of the policies have caused conflicts among business entities in selecting business methods. The conflicts from their early stages have made serious problems in the entire business process. Therefore, this study deduced factors of business selection by applying comparison analysis between the two business projects on how certain factors have an influence on selecting reconstruction and remodeling business projects. Based on the analysis, four categories and 26 factors were finally selected. After then, the priority of each selection factor was deduced through the AHP method and PROMETHEE method used for analysis of relative importance and impact values regarding to the business selection.

Analysis and Suggestion of Environment-friendly Interior Finishing Materials for Aged Apartment Remodeling (노후 공동주택 리모델링의 친환경 실내 마감재료 분석 및 제안)

  • Kim, Ki-Hyun;Kim, Kyung-Rai
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.2
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    • pp.118-126
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    • 2007
  • Environmentally Sound and Sustainable Development (ESSD)" is a key word in recent years. The construction industry, have put a great influence on ergonomic and sustainable environment. Recently, "green building certifications", such as Indoor Air Quality (IAQ) and eco-friendly material regulation have been established. With this regard, new construction and aged-housing remodeling projects are required to meet these certification criteria. Apartment residents have great concern on eco-product, since many cases are reported that Sick Building Syndrome is caused by toxic substance from building materials. Aged-housing remodeling construction has a unique characteristic in that the residents are already determined prior to construction execution. Therefore, the analysis of resident's need for building materials in aged-housing remodeling is relatively easy compared to new building construction. As such, it is very important to analyze their preferences for eco-friendly materials prior to project execution. The purpose of this study is to find the needs of residents and priority of their needs. Based on their needs and priority, this paper provides a new strategy in using environment-friendly materials and maximizing their satisfaction level when aged housing remodeling is constructed. In addition, this paper provide new criteria in selecting new developed environmental materials in remodeling projects for the purpose of improving the safety and health level in construction industry.

Analysis of Structural Work Scheduling of Green Frame - Focusing on Apartment buildings - (Green Frame의 골조공사 공기 분석 연구 - 공동주택을 중심으로 -)

  • Lee, Sung-Ho;Kim, Shin-Eun;Kim, Gwang-Hee;Joo, Jin-Kyu;Kim, Sun-Kuk
    • Journal of the Korea Institute of Building Construction
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    • v.11 no.3
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    • pp.301-309
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    • 2011
  • Apartment housings that adopt a bearing wall structure design, which account for a majority of the housing units available in Korea, are not free from structural constraints that limit the extension of their service life. The resulting need for reconstruction from the ground up requires a massive consumption of resources and energy, and triggers environmental pollution resulting from construction wastes. As a solution to such issues, the government enforces incentive schemes to promote a remodeling-friendly rahmen structure design. Green Frame, which is a novel concept of composite precast concrete structure to support rahmen structure apartment housing buildings, can address the constraints of bearing wall structure and conventional rahmen structure designs that limit the potential for remodeling projects, while reducing the term of construction. Therefore, this study aims to analyze the characteristics of Green Frame and its absolute term of construction, and compare the terms of frame work construction in apartment housing projects adopting different structural design approaches to illuminate their differences. In the end, Green Frame is found to be capable of reducing the term of construction in apartment housing projects. As the term of construction is a very critical element of a construction project, Green Frame will ultimately prove to be one of the key enablers to ensure the success of apartment housing construction projects.

A Scheduling Method Of Dismantling Work Considering Specific Condition Of Remodeling Project - Focused on Old Aged Apartment House with Wall-Slab Structure - (리모델링의 특성을 반영한 철거공사의 공정계획 수립방안 - 벽식구조 노후 공동주택을 대상으로 -)

  • Kang, Sa-Yil;Hwang, Young-Kyu;Kim, Kyung-Rai
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.5
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    • pp.104-115
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    • 2008
  • Currently, reconstruction and remodeling are conducted to improve the performance of aged housing. Recently reconstruction has caused many problems such as wastes generation, wasting resources and real estate speculation, remodeling is drawing attention. Accordingly, remodeling business for aged housings gradually increasing, but the use of scheduling method not considering characteristics of remodeling deters construction in some construction types. Especially, in case of dismantling construction, the dismantling is delayed since the scheduling method not considering characteristics of remodeling is used. In case of remodeling, dismantling construction is ahead of other processes, if the dismantling construction is delayed, whole construction will be delayed and if speedy construction is conducted, the costs for remodeling will increase. Furthermore, existing remodeling for aged housing has been for rahmen(crossbeam and pillar) structure apartments, but since most apartments to be remodeled are wall-slab structure where dismantling takes a lot of weight, it is highly possible the dismantling construction is delayed. Thus, this paper is to establish scheduling method for the dismantling construction reflecting characteristic of remodeling to prevent delay of dismantling construction for remodeling of aged housing with wall-slab structure.

A Study on Reconstruction and Remodeling's Selection Factors of Old Apartment Houses Using AHP (AHP를 활용한 노후 공동주택의 재건축과 리모델링의 사업선택결정에 관한 연구)

  • Son, Sung-Hyun;You, Seung-Min;Lee, Ki-Seok;Choi, Yoon-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.6
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    • pp.12-21
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    • 2015
  • Reconstruction and remodeling have been introduced as a part of renewal (redevelopment) projects for old apartments built after the mid-1970's and government policies for revitalizing each project has been changed continually. However, the frequent changes of the policies have caused conflicts among business entities in selecting business methods. The conflicts from their early stages have made serious problems in the entire business process. Therefore, this study deduced factors of business selection by applying comparison analysis between the two business projects on how certain factors have an influence on selecting reconstruction and remodeling business projects. Based on the analysis, four categories and 26 factors were finally selected. After then, the priority of each selection factor was deduced through the AHP method used for analysis of relative importance and impact values regarding to the business selection. It is expected to resolve conflicts among owners and select rational directions for reconstruction and remodeling business, based on the conclusion through analysis of influence on selection factors.

A Study of Prestressed Concrete Pile Stiffness for Structural Analysis of Condominium Remodeling with Vertical Story Extension (수직증축형 공동주택 리모델링 구조해석을 위한 PC말뚝 강성에 관한 연구)

  • Choi, Changho;Lee, Hyunjee;Choi, Kisun;You, Youngchan;Kim, Jinyoung
    • Journal of the Korean Geotechnical Society
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    • v.33 no.12
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    • pp.81-92
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    • 2017
  • According to the revision of the Housing Act in 2013, it has been possible to carry out an apartment remodeling project involving two to three floor vertical extension. The remodeling project with vertical extension requires foundation reinforcement because structural safety due to additional load and enhanced seismic criteria must be met. In this case, structural analysis is performed to analyze the load distributed to existing PC pile and reinforced additional pile. The vertical stiffness ($K_v$) of the pile is required for structural analysis, but the research on the 20~30 year old PC pile stiffness is very limited. In this paper, the stiffness of the PC pile in accordance with the change of diameter and length was analyzed by examining the results of 38 field pile load tests performed during the construction of the apartments in the 1990's. As a result of the analysis, the pile stiffness decreases with the increase of the length-diameter ratio (L/D). In addition, the results of on-site pile load test are compared with the coefficient 'a' for estimating pile stiffness proposed in Korea Highway Bridge Design Standard (2008) and the Pile Foundation Design Guideline of Korea Railroad Corporation (2012). It shows that 'a' obtained through the estimation of the literature is very similar to the field test results in the range of 10

A Probabilistic Risk-based Cost Estimation Model for Initial-Stage Decision Making on Apartment Remolding Projects (공동주택 리모델링 초기 단계 의사결정을 위한 확률론적 리스크 기반 비용 예측 모델 개발)

  • Lee, Dong-gun;Cha, Heesung
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.2
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    • pp.70-79
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    • 2016
  • The current remodeling cost estimation process is not only dependent on the historical data of new building construction, but it also has a poor linkage with risk-based estimation approach. As such, there is a high risk of falling short of initial budget. To overcome this, a risk-based estimation approach is necessary by providing a probabilistic estimation in consideration of the potential risk factors in conducting the remodeling projects. In addition, the decision-making process should be linked with the risk-based estimation results in stead of intuitive and/or experience-based estimation. This study provides a probabilistic estimation process for residential remodeling projects by developing a detailed methodology in which a step-by-step approach can be achieved. The new proposed estimation approach can help in decision-making for remodeling projects in terms of whether to proceed or not, by effectively reflecting the potential risk factors in the early stage of the project. In addition, the study can enhance the reliability of the estimation results by developing a sustainable estimation process model where a risk-based evaluation can be accomplished by setting up the cost-risk relationship database structure.