Definition of "Aesthetic value"

Kitty Kaplan real estate agent

Written by

Kitty Kaplanelite badge icon

Town Chase Properties

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 Some home architecture styles might get outdated or overtime, home buyers might lose interest in certain types of homes with aesthetic value to them.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

Clause in a mortgage that allows the borrower to pay more than the monthly amount and to retire the loan early without a penalty. ...

Amount a manger of real estate receives for his efforts. For example, a manger is to receive 2% of rentals collected as compensation from the landlord to manage the property. If the ...

Examining and testing the ground to determine the conditions for building something, such as an office building. ...

Apartment building in which each resident owns a percentage share of the corporation that owns the building. ...

When we’re talking about debt service, we refer to the amount of cash required to cover the debt’s repayment of both the interest and the principal for a certain period of time. ...

In the mining and petroleum industries, it is a portion of the profit secured from the extracted minerals or oil reserves from the property paid to the property owner. For example, a ...

Opening so that air or gas may enter or leave. For example, an air conditioner has a "vent open" or "vent closed" knob for outside air. The "vent close" switch must be on for air ...

A shallow yet funny definition of a tax specialist is someone who loved math since 1st grade. He or she has an elephant’s memory and is always up to date with the regulations and ...

If “image is everything”, then home staging is the most important and effective process in a real estate sale. But what is home staging? Well, when real estate agents are ...

Popular Real Estate Questions