Definition of "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!

Comments for Aesthetic Value

Nyeneime Victor Raphael Nyeneime Victor Raphael said:

how is aesthetic value of real estate measured?

Feb 28, 2021  00:49:16

 
Real Estate Agent

Hey, 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 Some home architecture styles might get outdated or overtime, home buyers might lose interest in certain types of homes with aesthetic value to them.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  09:07:47
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

If escrow is the legal “moment” where assets are held by a third party (an escrow agent) hired by both the buyer and the seller of goods like real estate and insurance until the ...

The meaning of undue influence revolves around a control one individual can exert upon another to persuade them to do something that won’t be beneficial for the influenced party. ...

An Appraisal is the evaluation of a real estate property made by a neutral third party expert known as an Appraiser. There are a number of reasons a home Appraisal is done: - ...

Small furnace placed between the studs of a wall. It is typically electric, but in the past more frequently was gas. ...

Person or business that benefits from the work of another person or business. The recipient has not compensated the other party for this gain. In law, the one being enriched at the ...

Interest computations based only on the original principal. For example, the simple interest on a $100,000, 8% loan is $8,000. It is compared with compound interest which is applied to the ...

(1) Financial ability and soundness of a business or individual to afford the purchase of property. (2) Worth of the dollar in real terms considering inflation. ...

Upper layer of ground. ...

A strong piece of lumber at least two-by-four. It is used for studs and beams to hold a building or structure up. The structure is in effect, attached to, or built onto the structural ...

Popular Real Estate Questions