Residential Fire Sprinklers for Life Safety

Topics:
Construction Services and Home Improvement
Tags:
Finance,
Financial Planning,
Financial Services,
Operational Accounting
Source:
National Fire Sprinkler Association

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Overview: A review of current economic literature, specifically elasticity of demand research conducted by third parties not associated with the stakeholders of this issue, clearly indicates that a 1% increase in the cost of the construction of a new home caused by installing a fire sprinkler system will not cause the potential homebuyer to no longer afford the new home. The two decisive factors that dictate what value home at the high limit a potential homebuyer can purchase are the amount of available income for housing and the current mortgage interest rate. Fire sprinkler systems can be installed in any value house.

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Format: PDF | Size: 98KB | Date: Feb 2001 | Pages: 38


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