Valuing Lifestyle Properties: A Unique Approach Beyond Economics
The allure of lifestyle properties lies in their ability to offer more than just a place to live; they provide a way of life that many find irresistible. Unlike traditional property valuations, which focus predominantly on economic factors, valuing lifestyle properties requires a broader perspective. It’s about weighing the intangible elements—such as views, privacy, and leisure access—that significantly enhance quality of life. Understanding the Amenity Value in Lifestyle Real Estate Amenity value plays a central role in the valuation of