Amenities

Amenities are features or services that enhance the desirability, comfort, or convenience of real property.

• Add appeal and value
• May be natural or man-made
• Can influence market value and rent
• Often used as a marketing factor

• Natural Amenities
  • Scenic views
  • Proximity to water
  • Climate

• Man-Made Amenities
  • Swimming pools
  • Fitness centers
  • Parking
  • Elevators
  • Clubhouses

• Neighborhood Amenities
  • Schools
  • Parks
  • Public transportation
  • Shopping and entertainment

• Amenities
  • Optional features that enhance value

• Necessities
  • Required for basic use (utilities, access, safety)

• Amenities may increase value, but are not required
• Market determines how much value an amenity adds