Housing improvement in Korea has typically involved the total demolition and redevelopment of apartment complexes. This study examines the hypothesis that a homeowners occupancy status moderates the impact of homeowner characteristics on housing improvement. Management-type Residential Environment Improvement Project zones in Seoul, designed to encourage housing renewal and improvements within low-rise housing areas, were selected as the case study areas. Recently, challenges with this approach and the need for alternatives have emerged, although studies on low-rise housing renewal are limited. To verify the hypothesis, a t-test and a chi-square test were initially conducted to gain a comprehensive understanding of the fundamental characteristics of the housing renewal, improvement, and homeowners. A multinomial logistic regression analysis was performed using housing renewal and improvement type as the dependent variable, homeowner characteristics as the main explanatory variable, and occupancy status (owner-occupied versus non-owner occupied) as the moderating variable. The findings indicate that the age of the homeowner negatively influences the choice of new construction, and the duration of occupancy negatively affects smaller-scale improvements such as extensions and renovations. Additionally, non-owner-occupied homeowners respond more sensitively to the likelihood of opting for new construction compared to undertaking smaller-scale improvements. These results suggest that housing renewal and improvement policies should consider the diverse characteristics of homeowners to effectively stimulate housing enhancements.
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Jeong et al. (2024) studied this question.
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