Feasibility Study for the construction of the “Cotopaxi Student Eco House” student residence

Original Article

Abstract

In the surroundings of the Cotopaxi Higher University Institute there are no places where rooms are rented or any residence that can meet the accommodation needs of students, who with a significant number of enrolled, come from neighboring provinces to Cotopaxi. The present study aimed to analyze the feasibility of the market, technical and economic aspects when building a sustainable student residence in the Tanicuchi parish, using a quantitative methodology with statistical analysis and information management through Excel matrices. A building of 500m² was designed, with 57 rooms, 14 of which are standard and 5 with private bathrooms distributed across 3 floors at rental prices of $94 and $114, respectively. The design includes hydration, washing, and recreation areas, emphasizing the use of solar panels for the building’s energy. In this way, the feasibility study allowed establishing the acceptability of the project at the market, technical, and financial levels, as well as its sustainability over time, achieving a profitability rate of 11.69%, which is acceptable considering the project’s environmental focus. Additionally, it was observed that the future cash flows generated are consistent for income generation.