Aesthetic Value
When you hear someone mentioning aesthetic value in connection with real estate, that person is using aesthetic value as a way to point price appreciation added to the property because of its intrinsic artistic, beautiful and favored features.
Aesthetic value can be caused because of a property’s original architecture conception, but also because of home improvements done down the road. For instance: a home that is reminiscent of an art movement like Art Deco – which however popular is not the norm anymore – has added value because of its aesthetic values. If its owner does renovations that strips the property off its Art Deco’s nature and motifs, the aesthetic value of it will get lost and the house’s market value will likely go down with it. But if a person did small DIY Home Improvement that preserved all the aesthetic values of the property, the opposite happens, and the house’s market value goes up.
Moreover, the components of aesthetic values are not confined to the house structure. The settings of the localization in which the house stands also count. A lot. For instance: a home by the pond, with a view towards mountains and a lot of trees, provides a lot of aesthetic values in a property’s evaluation. But even a front yard garden renovation to improve curb appeal can go a long way into adding value to a home.
Real Estate tips:
There’s no one better than a real estate agent to direct you to the aesthetic values that really pay off and hopefully will add another zero to that asking price. Contact one!
Popular Real Estate Terms
Generally speaking, indemnity defines a legal principle and an ensuing agreement to calculate the amount of compensation a party is entitled to resulting from a specific financial loss they ...
A provision not explicitly stated in an agreement, but considered as an important item. For example, the buyer of a home anticipates it to meet seller's claims as to condition and use. ...
Certificate issued to the buyer at a judicial sale, such as an execution sale. After the time for redemption has expired, the holder of the certificate is entitled to a deed. ...
A rental contact in which the tenant's rental is tied to a change in the price level, such as the Gross National Price Deflator. ...
Are you ready to unlock the secret to reaching your ideal audience? The key is market delineation! But what what does delineate mean? Join us on this real estate journey and uncover the ...
An accessory building is an outdoor structure used by the occupants of the main building or house. They have different functions and can be detached or attached to the main building on the ...
Tenant breaks the lease because the landlord does not keep the premises habitable. ...
Area that is located between a rural and urban area. ...
In our world, you can request anyone to perform virtually any task for a little (or bigger) incentive. So, what is the definition of incentive precisely? An incentive can be a service or ...
Comments for Aesthetic Value
how is aesthetic value of real estate measured?
Feb 28, 2021 00:49:16Hey, Victor! As mentioned in the content, aesthetic value is increased based on the property’s appearance and location. However, the actual value is given by an appraiser, and the methodology they use to measure the aesthetic value of real estate might be different in specific scenarios. Therefore, we can’t give you a bullet-proof method to correctly measure the aesthetic value of a property every time. Some home architecture styles might get outdated or overtime, home buyers might lose interest in certain types of homes with aesthetic value to them. Some communities under the authority of a Homeowner’s association(HOA) structure might limit your home’s aesthetic value because of home exterior rules imposed on the community’s homeowners.
Mar 01, 2021 09:07:47Have a question or comment?
We're here to help.