Date of Award
Master of Science (MS)
This paper examines current methods for determining the value associated with building investments. The purpose of this research is to model the current practice of value creation as it applies to buildings. Specifically, the research aims to explore how agents of value deliver financial returns from building investments. Analysis of interviews with current decision makers shows a Simple Payback analysis to be the determining factor for most decisions. Along with exploration into current practice, this thesis presents a potential model, developed with a group of both industry and academic members, for building valuation that incorporates a more holistic view of building investment decisions. While confirming common assumptions related to finance, this paper provides a starting point for further exploration into how decisions about buildings are made, and how to influence those decisions in the future.
Westbrook, Morgan J., "The Business Value of Buildings, an Exploratory Study" (2018). Civil Engineering Graduate Theses & Dissertations. 348.