In this article, the authors propose ways to evaluate the criteria for the considered variants of utility functions in the adaptation of historic regional architecture. The proposed set of assessment criteria (thermo-modernisation criteria, comfort of use, financial considerations, criteria of social benefits, and protection of cultural heritage) emphasises the multidimensional character of the problem of choosing a new function for a historic building. Some of the criteria are measurable while others are difficult to measure, which requires an expert approach to their assessment. The evaluation of the criteria was performed on the example of the historic building ‘Stara Polana’ located in Zakopane. The benchmark for the analysis was the existing condition of the ‘Stara Polana’ building, which is used as a hostel. The authors conducted a series of interdisciplinary studies specifying the potential of the new utility functions considered for the object in the context of the proposed criteria. The evaluation of individual criteria developed in this article is based on the multi-criteria analysis to be performed in the future and support the selection of a new function for the building in question.