The various aspects of design — such as creation, function, and aesthetic — can be applied to many different disciplines and provide them with a value. While this is universally true for architecture, it has not traditionally been acknowledged for real estate, despite the close association between the two. Traditionally, real estate valuation has been determined by certain sales factors: income generated, recent similar sales, and replacement costs.Now, a new book by researchers at MIT explores how design can be quantified in real estate valuation. “Value of Design: Creating Agency Through…
