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This paper presents an empirical analysis of the effect of housing curb appeal on the sales price of newer houses.
Physical Description
9 p.
Notes
Abstract: This paper presents an empirical analysis of the effect of housing curb appeal on the sales price of newer houses. A regression model is estimated to examine the relationship between housing curb appeal and sales prices using a sample of 59 houses from six cities in the Dallas-Fort Worth metropolitan area. To obtain a measure of attractiveness, the fifty-nine houses were rated by 38 respondents. Our results indicate that for each one-point increase in the mean attractiveness rating (on a seven-point scale) there is an associated 7.7 percent increase in the sales prices. The impact on listing price is also significant, with an associated 3.9 percent increase in asking price for each one-point increase in the composite attractiveness rating. The empirical results support the belief that exterior housing appearance is a significant factor in the value of houses.
Publication Title:
International Research Journal of Applied Finance
Volume:
4
Issue:
11
Page Start:
1407
Page End:
1415
Peer Reviewed:
Yes
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Chen, Jun; Evans-Cowley, Jennifer; Rutherford, Ronald C. & Stanley, Brooke W.An Empirical Analysis of Effect of Housing Curb Appeal on Sales Price of Newer Houses,
article,
November 2013;
Hyderabad, Telangana.
(https://digital.library.unt.edu/ark:/67531/metadc993375/:
accessed January 20, 2025),
University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu;
crediting University of North Texas.
