Aesthetic Value
Barron's Real Estate Dictionary:
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Aesthetic Value
Increment of market or user value attributed to the appearance of a property.
Example: The lake and mountain setting of the vacation cabin contributed a great amount of aesthetic value to the property. As a consequence, the owner was able to obtain a premium price when the property was sold. The artistic façade of an office building attracted a higher rent for the office space, which returned the façade’s aesthetic value for the owner.
Example: The lake and mountain setting of the vacation cabin contributed a great amount of aesthetic value to the property. As a consequence, the owner was able to obtain a premium price when the property was sold. The artistic façade of an office building attracted a higher rent for the office space, which returned the façade’s aesthetic value for the owner.
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| Affirm, Affirmative Lending |
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Aesthetic Value
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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