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In Appraisal, the nonmonetary benefits derived from property ownership, such as pride of home ownership.

 
 

1. In Appraisal the nonmonetary benefits derived from property ownership, such as pride of home ownership.
Example: Graham bought a Condominium overlooking Lake Michigan with a prestige address, thus enhancing the amenities of ownership.

2. Features that add to a property's desirability, such as modern appliances and fixtures.

 
 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more

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