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MissouriFamilies.org -Housing

 

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Does the purchase price of a house reflect its quality? 

The purchase price of a house primarily reflects the cost of materials, finishes, and equipment. Built into that cost, are the life expectancies of those components. Typically, components that have a more sustainable longevity cost more initially. Consequently, their maintenance cost over their lifetime may be significantly reduced. Examining the total cost of materials, finishes, and equipment when purchasing a house should take into account the maintenance costs over the expected life of the components - the "life-cycle" costs.

 

 

 

Dr. Ronn Phillips, Arch.D., Bobbi Hauptmann, Architectural Studies, College of Human Environmental Sciences, University of Missouri-Columbia

 

 

 

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Last update: Monday, May 18, 2009

 

 

 


 
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