Amenity
A feature that increases a property's desirability beyond bare utility — views, waterfront, pools, community facilities, walkability. Amenity value is measured by what the market pays, not what the feature cost.
Related Terms
Contributory Value
The amount a component or feature adds to the property's overall value — which is rarely its cost.
Adjustment
A dollar or percentage modification applied to a comparable sale's price to account for differences between the comparable and the subject property.
Location Analysis
The evaluation of a property's position relative to surrounding land uses, transportation, employment centers, schools, amenities, and negative influences.
More in Property Characteristics
View allGross Living Area (GLA)
GLAThe total finished, above-grade living area of a residential property, measured in square feet.
Gross Building Area (GBA)
GBAThe total area of a building measured from the exterior walls, including all finished and unfinished, above-grade and below-grade spaces.
Below-Grade Area
Any portion of a building that is below the ground level on any side.
ANSI Z765 Measurement Standards
ANSIThe American National Standards Institute standard for measuring residential floor area.