An Empirical Analysis of Effect of Housing Curb Appeal on Sales Price of Newer Houses

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This paper presents an empirical analysis of the effect of housing curb appeal on the sales price of newer houses.

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9 p.

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Chen, Jun; Evans-Cowley, Jennifer; Rutherford, Ronald C. & Stanley, Brooke W. November 2013.

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This article is part of the collection entitled: UNT Scholarly Works and was provided by University of North Texas to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 28 times , with 4 in the last month . More information about this article can be viewed below.

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This paper presents an empirical analysis of the effect of housing curb appeal on the sales price of newer houses.

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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.

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  • International Research Journal of Applied Finance, 2013. Hyderabad, Telangana: Kautilyas Education Services

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  • Publication Title: International Research Journal of Applied Finance
  • Volume: 4
  • Issue: 11
  • Pages: 1407-1415
  • Peer Reviewed: Yes

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  • November 2013

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  • Sept. 17, 2017, 6:24 p.m.

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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. (digital.library.unt.edu/ark:/67531/metadc993375/: accessed May 20, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting University of North Texas.