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Life Cycle Costs
Real estate is a type of durable economic good. For this reason it also makes sense to keep life cycle costs in mind within the framework of real estate management. The term life cycle costs refers to the costs that accrue over the entire life time of a building. This way, reliability of planning can be established all the way up to the demolition of the building. And also a sustainable and holistic view of real estate is achieved in this may. Thus risks can be avoided and the portfolio also can be made future-proof.