Functional improvement needed in remodeling projects is determined by users in a complex manner since remodeling projects require performance improvement against deterioration. This study defines fundamental Remodeling Performance Criteria (RPC) for apartment housing by referring to performance criteria of both domestic and international performance-related systems. In this case study, performance evaluation of Construction Element Method (CEM) for remodeling projects was conducted based on RPC. For the objective evaluation of CEM, performance scores were calculated and normalized by using the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) model, which is used in a multicriteria decision-making method. The TOPSIS evaluation model allows for a comprehensive and comparative analysis on the performance of the remodeling solution. The TOPSIS model in this study suggests a standard logic of performance evaluation for aged buildings as it analyzes the degree of deterioration at the prior remodeling phase and predicts the performance improvement level for CEM at the remodeling planning phase.