Socio-Economic Problems
of the Modern Period of Ukraine

Collection SEPSPU -- sep2018.02.031

Repository of Institute of Regional Research Repository of Vernadsky Library UDC 332.855; JEL L85
Sadovyak, M. (2018). Teoretychni zasady funktsionuvannya dokhidnykh budynkiv [Theoretical bases of operating houses functioning]. In Sotsial'no-ekonomichni problemy suchasnoho periodu Ukrayiny [Socio-Economic Problems of the Modern Period of Ukraine]: Vol. 130 (2) (pp. 31-35). Retrieved from [in Ukrainian].
Sources: 5


Sadovyak Mykhaylo Stepanovych

Postgraduate of the University of Banking




The article presents the theoretical substantiation of profitable houses from the point of view of their functioning as investment projects, as well as a concrete mechanism for solving problems in the residential real estate rental market. The author states that an income house is an investment project, the management of which involves full or partial temporary use by the owner of residential and non-residential premises to individuals and legal entities with different income levels on the basis of commercial and social employment, in order to obtain income by the owner at the expense of rent and the reimbursement of the cost of additional services or the achievement of a social effect (with the right to further redemption at an affordable price). It has been determined that income houses should differ from housing rented out on social or commercial hiring grounds, professional level of management and provision of high-level housing and communal services to tenants. Another important difference is that the design, construction and operation of an income house provide revenue and liquidity throughout its lifetime. It is revealed that in Ukraine there is no integral model of the management of income houses, as well as concrete ways of solving problems in the residential real estate market. The main advantages of a profitable home are determined: an income house is an affordable dwelling that any person can easily rent out for a short time, based on the conditions of comfort and own financial capabilities; the tenant, paying the rent, is not worried about the condition of the premises, and the problems that arise in the process of managing the income house; this type of housing does not restrict freedom of movement of a person, and change the place of residence (for example, in search of work) is simple enough; a resident of a profitable home does not own real estate, therefore, it does not risk losing it; high level of comfort of living and quality of service asa result of competition of homeowners; functioning of profitable houses is a profitable business, which ensures replenishment of city budgets by paying the corresponding taxes; ensuring effective management of a house of wealth, lack of problems with non-payment; the tenant retains the right to participate in state and local housing programs; all relationships between the tenant and the homeowner are documented, and the lodger is provided with stable and unchanged conditions; a resident gets a ready-to-live room with all the necessary equipment and furniture, getting rid of the need to buy personal belongings for everyday life, as well as making large purchases that make it difficult to move if this is necessary.


revenue house, investment project, real estate, lease, management


  1. Peiser, Richard B., Anne B. Frej (2003). Professional Real Estate Development: The ULI Guide to the Business. (Second Edition). Washington, D. C.: Urban Land Institute.
  2. Schmitz, Adrienne (2000). Multifamily Housing Development Handbook. Urban Land Institute.
  3. Schmitz, Adrienne (2004). Residential Development Handbook. Urban Land Institute.
  4. Kondrashova, G. P. (2013). Dokhodnye doma: istoriya stanovleniya i perspektivy razvitiya dlya resheniya zhilishchnoy problemy Rossii i Ukrainy [Profitable houses: the history of formation and the development prospects for solving the housing problem of Russia and Ukraine]. Naukovyy visnyk: Finansy, banky, investytsii – Scientific Bulletin: Finance, Banks, Investments, 3, 19–20. [in Russian].
  5. Chubuk, L. P. (2015) Klasyfikatsiya nerukhomoho maina dlya potreb otsinky ta upravlinnya [Classifi cation of real estate for the purposes of assessment and management]. Ekonomika. Upravlinnya. Innovatsii – Economics. Management. Innovations, 3(15), 54–69. [in Ukrainian].

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