Real Estate Elements of Value (DUST)

Regardless of its purpose, an item has some value if it satisfies four essential elements:
bench
Bench on the grounds of River Towers
  1. Demand: This means the desire to buy and an ability to pay.
  2. Utility: The item satisfies a human need or desire; such as shelter, income, or recreation.
  3. Scarcity: Limited in supply, as supply diminishes, value increases.
  4. Transferability: Able to transfer from one owner to another
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Aubrey Nesbitt

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Aubrey Nesbitt is a native of Northern Virginia who attended Virginia Commonwealth University. He is a veteran of the US Army and helps his family business by providing informational articles like this one. In addition to photography and blogging, Aubrey provides administrative support for the office. Aubrey is a service-disabled retired veteran and a part of our family. We give him the opportunity to work at the office and on the web as part of his recovery. The opinions and statements presented by Aubrey are his own and we don't necessarily agree with them.