Evaluation of Refurbishment Projects and Energy Demands of Buildings in the Aspect of Sustainability 0.1
Question 1: Comparing and contrasting the benefits of refurbishment projects with those of new build.
Question 2: Appraising the typical users’ demands in buildings, which require a large amount of energy. Discussing ways in which today’s energy requirements in buildings can be reduced and alternatively resourced. 0.2
For: CEM Assignments Office
From: Deniz Berkan Unsal
Moscow, Russian Federation
While the world’s population has been excessively continuing to grow up in the last decades, accommodation problems have also started to be a social case. Although recent situation seems favourable for the real estate and construction industry, limited resources of the world pressures the industry significantly on the environmental aspect. Research and development activities on construction materials and building methods try to respond this issue by reducing the impact of industry on the environment. The concept of reuse and refurbishment in the construction industry can represent high commitment not only to environmental sustainability with lower costs, but also to social sustainability with the conversation of heritages. However, detailed investigations are required in order to minimize the existing risks of old buildings and make use of their benefits. After construction period, another sustainability challenge starts for the real estate industry. Today’s business and industrial world has a growing demand for energy use where they run their operations. Thus, energy management in buildings has become a considerable sustainability problem because buildings have significant impact on carbon emissions in the world. As a result of these facts, developers should also invest in energy efficiency solutions provide not only cost effectiveness during the lifecycle of buildings, but also better environmental sustainability.
Since the sustainable development concept has been arising within the society over the past few decades, business world focuses on this new issue in order to respond to increasing demand. Real estate and construction industry also significantly affected from it due to its major impacts on the environment, economy and society. Especially, real estate developers have to respond accurately to society’s demands for being competitive in sector. Therefore, today’s developers concentrate on sustainable solutions for their projects. At this point, refurbishment projects have become an alternative remedy for sustainability problems. Refurbishment of old buildings provides many advantages in economic, environmental, social and legal aspects. Shorter project durations, lower material and labor costs, simple planning, less usage of resources, growing demand for refurbished old buildings and possible benefits in regulations are main items that constitutes benefits of refurbishment. Nevertheless, a detailed feasibility is required in order to prevent from contingencies in projects. In some cases, refurbishment projects may consist of major risks, which are originating from existing buildings. Thus, every single project should be regarded and considered as unique in order to fulfill the expectations of clients and customers.
Information and analysis
Advantages of refurbishment projects over redevelopment
Refurbishment brings many financial benefits as a result of various factors. First of all, shorter project durations of refurbishment not only provide lower labour costs, but also let clients generate income from leases earlier. Moreover, with a smart project planning, developers may continue to earn revenues from current tenants while the project is going on. Besides, shorter projects carry less financial risks indeed. Refurbishment projects are seldom affected from inflation or...
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