Air conditioning (A/C) refers to the system or process of controlling the temperature, humidity, and air quality of an indoor space to provide comfort. A/C systems are widely used in both residential and commercial real estate properties to maintain a comfortable living and working environment.
Aesthetic Value refers to the increment of market or user value attributed to the appearance of a property, which can significantly increase its desirability and market price.
A bi-level house, also known as a split-level home, features two floors, with the main entrance located between the two levels, giving unique architectural and functional advantages.
The principle of contribution states that the value of a property component is determined by the value it adds to the entire property.
The paired sales method is a real estate appraisal approach that involves comparing sales of properties that have similar characteristics to determine the impact of specific property features on market value.
A property description provides a detailed summary of the features, boundaries, and legal status of a particular real estate property. It ensures accurate identification and transference of property rights.
