The Rate of Green Concept Application in a House Design and Its Impact on Market Value

Shasya Agita Elizabeth, Khaira Amalia Fachrudin, Dwira Nirfalini Aulia

2018

Abstract

The green architecture concept is the solution for environmental problems in this present time. However, there are still few houses that apply the green concept in North Sumatera, either inside or outside the housing estate. This study aims to analyze the rate of green concept application in a house design and its impact on the market value. The research is conducted using a purposive sampling method with four independent variables (the use of eco-friendly materials, energy efficiency, water conservation, and the use of renewable energy), and three controlling variables (land area, building area, and position) by distributing 50 questionnaires to the residents of Citraland Bagya City housing estate. The findings show that the rate of green concept used in the house design in the study area is low, that is evident in the significance value of each variable which is higher than alpha. Furthermore, there is an implication that market value of a property nowadays has not been affected by green concept application due to people lack understanding and awareness of the importance of the green concept, which makes appraisers hard to have comparable market data while assessing the value of a property that applies the green concept

Paper Citation

in Harvard Style

Agita Elizabeth S., Fachrudin K. and Nirfalini Aulia D. (2018). The Rate of Green Concept Application in a House Design and Its Impact on Market Value. In Proceedings of the International Conference on Natural Resources and Sustainable Development - Volume 1: ICNRSD, ISBN 978-989-758-543-2, pages 393-400. DOI: 10.5220/0009903600002480

in Bibtex Style

@conference{icnrsd18,
author={Shasya Agita Elizabeth and Khaira Amalia Fachrudin and Dwira Nirfalini Aulia},
title={The Rate of Green Concept Application in a House Design and Its Impact on Market Value},
booktitle={Proceedings of the International Conference on Natural Resources and Sustainable Development - Volume 1: ICNRSD,},
year={2018},
pages={393-400},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009903600002480},
isbn={978-989-758-543-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Natural Resources and Sustainable Development - Volume 1: ICNRSD,
TI - The Rate of Green Concept Application in a House Design and Its Impact on Market Value
SN - 978-989-758-543-2
AU - Agita Elizabeth S.
AU - Fachrudin K.
AU - Nirfalini Aulia D.
PY - 2018
SP - 393
EP - 400
DO - 10.5220/0009903600002480