| Summary: | This work is analyzing aspects of how culturally significant buildings can be used for modern day purposes and how commercial property owners can achieve economical sustainability while working with these types of buildings. Focus is put on how current laws and regulations are handled at a macro level and how these, in turn, affect the work at an individual level. An extensive literature study has been carried out, as well as interviews with people whom in different ways work with these types of buildings. Culturally significant buildings hold a variety of values, for example historical and architectural, which in relation with current laws must be preserved. Knowledge must be passed to the property owner about how to best preserve values in a building even when changes are being made to it. When a building receives its values and its classification property owners can be part of the process to make sure the restrictions do not affect the future plan of the building. As such, these legislations are in one way helping commercial property owners preserve the valuable aspects of a building, but on the other hand putting restrictions on what type of structural procedures can be done and in turn making it not cost effective to use these types of buildings for modern day purposes. Economical sustainability in culturally significant buildings can be achieved mainly on two different levels, macro and individual. At a macro level work is carried out to achieve economical sustainability as a whole, for example in a city or a country, which UNESCO world heritage cities have proven through various projects worldwide. At an individual level commercial property owners are able to make a profit of people’s willingness to pay high market value for culturally significant buildings, though at a profit of minimum 10%. Studies have shown that the market value of a building increases if it consists of culturally significant values, compared to buildings that are not classified as culturally significant.
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