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Amenity

In property and land use planning, amenity (lat. amoenitās “pleasantness, delightfulness”) is something considered to benefit a location, contribute to its enjoyment, and thereby increase its value.[1][2]

Tangible amenities can include the number and nature of guest rooms and the provision of facilities such as elevators (lifts), internet access, restaurants, parks, community centres, swimming pools, golf courses, health club facilities, party rooms, theatre or media rooms, bike paths or garages. Amenities are often provided or used as an instance to justify price increases on a specific property, leading to higher demand and thus scarcity for the selling property.

Intangible amenities include well-integrated public transport, pleasant views, nearby activities, and a low crime rate. Within the context of environmental economics, an environmental amenity can include access to clean air or clean water, or the quality of any other environmental good that may reduce adverse health effects for residents or increase their economic welfare.[3]

Residential real estate can benefit from amenities which, in turn, boost property value. Some examples of valuable amenities are proximity to parks and schools, updated fixtures, and bonus living spaces.[4][5] These additional features that make a home desirable can add substantial value to a property.[5]

Public amenities

  • Public Libraries: Offer access to information, resources, and community programs.
  • Healthcare Services: Provide medical care and support to ensure community health and well-being.
  • Educational Institutions: Facilitate learning and development for individuals of all ages.
  • Community Centers: Serve as hubs for social services, events, and community engagement.
  • Public Parks and Recreational Spaces: Provide areas for leisure and physical activity, promoting a healthy lifestyle.
  • Emergency Services: Provide essential response to emergencies and disasters, ensuring safety.
  • Waste Management Services: Ensure proper disposal and recycling of waste, protecting public health.
  • Public Transportation Services: Enable mobility and connectivity for residents within and outside the community.
  • Public Restrooms: Offer sanitation facilities for residents and visitors in public spaces.
  • Disaster Preparedness Centers: Equip communities with information and resources for disaster readiness.

Mobile amenities

Mobile amenities may visit some sites[6] including:

  • Food truck
  • Auto washing and detail service
  • Oil Change
  • Fuel Service
  • Retail Sales Vehicle
  • Mobile Repair Truck (Bike Repair, Golf Clubs)
  • Mobile Hair / Nail Salon
  • Mobile Dentist
  • Mobile Maid

References

  1. ^ Carmichael, D. R (2003). Accountants' Handbook, Special Industries and Special Topics (Volume 2) (10 ed.). John Wiley & Sons. p. 30. ISBN 0471456179.
  2. ^ South Gloucestershire Council https://beta.southglos.gov.uk/wp-content/uploads/Assessing-residential-amenity-TAN.pdf
  3. ^ Field, Barry C.; Field, Martha K. (2017). Environmental Economics, An Introduction (7 ed.). McGraw-Hill. pp. 145–147. ISBN 978-0-07-802189-3.
  4. ^ "7 Surprising Things That Add Value to Your Home". www.uphomes.com. Retrieved 2021-10-21.
  5. ^ a b "Amenities That Add to Your Home's Value". Minteer Real Estate Team. 2015-12-18. Retrieved 2021-10-21.
  6. ^ MOBLZ.com. "Mobile Service Sector Continues Growth". Retrieved 11 December 2019.
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