The effect of private outside space quality on the property value of a single family dwelling
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abstract
The purpose of this study was to ascertain whether the quality of private outside space has any effect on the property value of a single family dwelling. Private outside space in the study was defined as the immediate outdoor environments of single family, detached dwellings. The quality of private outside space was measured by the level of maintenance of yards and territorial personalization of such spaces. Some known predictors of property value of a single-family dwelling, such as total built-up area, number bed and bathrooms, and lot size were included in the statistical model used for the study. A sample of 100 single family dwellings from four neighborhoods was randomly selected for the study in a university town in Texas, USA. Data related to all the variables included in the model was collected. Statistical technique used for data analysis was a multiple linear regression. Results indicated that at least one of the aspects of private outside space, territorial markers, has a statistically significant effect on the property value of single family dwellings.
