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4 Cards in this Set
- Front
- Back
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scarcity
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when land is scare and there is little to own, it not only drives up the face price, buy it will also add value as an investment over time.
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improvements
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minor improvements, decorative touches or adding a bathroom will not affect the economic value on the home and may even work against the owner, structural upgrades may add value to the land
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permanence
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also known as fixity refers to the lasting potential of the land or property
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situs
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knowledge that some owners prefer specific locations, which can drive the value of the property up or down
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