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Measuring the added value of housing for primary education

Measuring the added value of housing for primary education. Dirk Kootstra. Dirk Kootstra. Researcher Professorship Public Real Estate, Hanze University of Applied Sciences, Groningen PhD-candidate Radboud University Nijmegen Lecturer Real Estate Valuation (Real Estate Management).

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Measuring the added value of housing for primary education

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  1. Measuring the added value of housing for primary education Dirk Kootstra

  2. Dirk Kootstra • Researcher • Professorship Public Real Estate, Hanze University of Applied Sciences, Groningen • PhD-candidate Radboud University Nijmegen • Lecturer • Real Estate Valuation (Real Estate Management)

  3. “Measuring the added value of housing for primary education” • Introduction: why and how ? • Results: main outcome? • Conclusion Outline presentation:

  4. The system of primary education in the Netherlands: • Municipalitiesprovidethe building (receive money (notearmarked!) fromtheministry of internalaffairs) (beneficialowner) • Schoolboards usethe building (lumpsumfromministry of education)(Legal owner)

  5. My statement: “This is notthe best waytoaddvaluetoeducationwith schoolbuildings!” (split incentive!)

  6. Real Estate as the 5th Resource: It’s vitaltosee real estatealso as a capital asset thatcanbeusedfor goals thatmaybeachieved in thelonger term !

  7. Real Estate as the 5th Resource: Influence of Real estate on theachievements of anorganisation: • Lowercosts • Reduced energy consumption • Effects on employees, visitorsandprocesses

  8. A schoolbuilding adds value for: - Municipality • School boards • Employees • Parents/children • Environment

  9. Real estate can add value to an organization because of it’s influence on: - Value of the property • Marketing • Innovations • Satisfaction of employees • Productivity • Flexibility • Reduction of costs Exchange value Use value

  10. Question: is this, or in what way is this also relevant for the stakeholders of the housing of primary education?

  11. Narrative interviews with professionally involved people • Only one question asked:“from your perspective, which added value could housing of primary education have for the different stakeholders”

  12. Conclusion: • Professionals are aware of most of the possible ways that real estate can be of added value • The added value is expressed in many different ways and is perceived differently However,

  13. Conclusion: • These possibilities hardly ever play a role in a real estate strategy, nor is it used as an argument to increase budgets

  14. Thankyouverymuchforyourattention! If you want more information or if youhave information, please contact me: email: d.kootstra@pl.hanze.nl Phone 0031 655372880

  15. Measuring the added value of housing for primary educationHanze University of Applied Sciences, Professorship Public RealEstate contact: mr. D. (Dirk) Kootstra MScRE Email: d.kootstra@pl.hanze.nlphone: 0031655372880

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