Involving the Public in the Assessment of Community Real Estate Property

Abstract

The paper argues for the need to involve the public in decision-making on abandoned community real estate property in small communities with limited financial resources. This can be achieved by giving the public the opportunity to express their opinion via a survey. For this purpose, a specific approach was developed which involves conducting a survey and evaluating the results. A particular weighting factor is given for each chosen rank of indicator. A system of 50 indicators for five different groups (interior, exterior, environment, historical and cultural value, and finance) is proposed. The indicators are divided into 38 incentives and 12 disincentives, in accordance with their impact on the final assessment of the real estate property. An example of an assessment is given and it is proposed that the survey results be categorised and analysed based on the age of respondents. The aim of this paper is to develop a way of investigating the opinion of the local community regarding abandoned municipal real estate property in the cheapest and easiest way, applicable even in small villages. Not only will this ensure the assessment is carried out, it will also involve more people in community life and increase their interest. Public participation in solving community affairs is crucial when it comes to increasing the interest of residents in the life of the territory in particular and the effective development of civil society in general. At the initial stage citizens may only engage in one-time participation; however, in the future a critical mass of caring locals will be formed who can bring forward new ideas and offer innovative solutions.

Proposal of an effective time management system

“…It will reveal the "bottlenecks" and reserves to improve time management efficiency, even in successful people. The methodology of public opinion polls and their analysis were used, particularly in Dmytryshyn et al (2021) and Dmytryshyn (2022). Indeed, the goal of proper time management is not necessarily to do more and create an excessive burden, as to create a lightning-fast world.…”

Strategic management of the portfolio of urban real estate: research of the current scientific knowledge

“…The range of topics covered by the abstracts is extensive. They deal with investment strategies on real estate markets [9,10], systems and methods [11][12][13], performance measurements and valuations [13][14][15][16], the impact of actors and/or participation [17][18][19], the role of fund managers [20] land ownership and management [21,22], the relationship between business and finance [23,24], the control function of state institutions and/or legislation [25][26][27][28], and many other aspects. In addition, the abstracts suggest that only a very small number of texts handle municipal real estate assets as one holistic portfolio.…”

“…From the examined articles, it is still worth mentioning Danyliuk and Dmytryshyn [29] and the follow-up research of Dmytryshyn [17], which did not deal with municipal real-estate portfolios. However, their research could be useful for Czech municipalities that have brownfields and other unused buildings/areas in their portfolios.…”

“…However, their research could be useful for Czech municipalities that have brownfields and other unused buildings/areas in their portfolios. Danyliuk and Dmytryshyn [29], and Dmytryshyn [17] offer a methodology (based on community planning) and a set of 50 indicators from diverse perspectives (interior, exterior, environmental, historical and cultural, and financial) to help municipalities decide how to handle abandoned properties.…”