spb/wp20_uqo

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For given reconstruction costs, we are able to estimate the impact of physical deterioration, functional obsolescence and vintage effects on the structure and the impact of time on sale (and external obsolescence) on the land value simultaneously. Our findings show that maintenance has a substantial impact on the rate of physical deterioration. After 50 years of not or barely maintaining a home, a typical structure has lost around 43% of its value. In contrast, maintaining a home very well results in virtually no physical deterioration in the long run.</jats:p>", "DOI": "10.1111/1540-6229.12146", "type": "journal-article", "created": {"date-parts": [[2016, 1, 21]], "date-time": "2016-01-21T02:03:09Z", "timestamp": 1453341789000}, "page": "415-451", "source": "Crossref", "is-referenced-by-count": 61, "title": ["Land, Structure and Depreciation"], "prefix": "10.1111", "volume": "45", "author": [{"given": "Marc K.", "family": "Francke", "sequence": "first", "affiliation": [{"name": "University of Amsterdam ‐ Finance Group  Roetersstraat 11 1018 WB Amsterdam The Netherlands"}], "role": [{"vocabulary": "crossref", "role": "author"}]}, {"given": "Alex M.", "family": "van de Minne", "sequence": "additional", "affiliation": [{"name": "Ortec Finance Research Center  Barajasweg 10 1043 CP Amsterdam The Netherlands"}], "role": [{"vocabulary": "crossref", "role": "author"}]}], "member": "311", "published-online": {"date-parts": [[2016, 1, 21]]}, "reference": [{"key": "e_1_2_9_2_1", "unstructured": "Andrews D. 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