Residential property ownership valuation and cost management based on energy efficiency measures

¹ Penza State University of Architecture and Civil Engineering, 27, Titova street, Penza, 440027, Russia
² Moscow State University of Civil Engineering, 26 Yaroslavskoye Shosse, Moscow, 109377, Russia

^* Corresponding author: baron60@inbox.ru

Abstract

The aim of the research is to work out theoretical provisions to model processes of estimating and managing costs of owning residential realty on the basis of measures aimed at increasing energy efficiency. The existing Russian and foreign experience in the field of investigated topic is provided. The proprietary methodology for calculating the cost of owning residential realty and managing it in accordance with actual expenditures for the purposes of their minimizing is described. The methodology was tested on a single apartment, a section of residential building and a whole apartment house in the city of Penza, pertaining to certain homeowners. The structure of expenditures of an owner was analyzed on the basis of Pareto chart and ABC-analysis; indicators of ownership within yearly, monthly and daily cycles for the period from 2014 to 2019 were calculated. The effect of owning residential real estate in the context of its secondary sale was demonstrated. The measure consists in using the innovative heating boiler ATP-TermaRON within the limits of, first, a single apartment, second, a cluster-system of homeowners living in one section of a building, and, third, a whole apartment house. Some basic conclusions on the problematics under consideration were made and certain recommendations were given.