Tangible and intangible benefits to a property, which increase its value, would be considered ____________.

• A. Amenities
• B. Liabilities
• C. Depreciation
• D. Encumbrances

Answer: (A)

Amenities are features that increase a property's value by boosting its desirability. They can be tangible, like a renovated kitchen, updated systems, or a pool, or intangible, such as a scenic view, neighborhood desirability, or walkability to amenities. These enhancements make the property more attractive to buyers and can justify a higher price. They are different from liabilities, which are financial obligations; depreciation, which is a decline in value due to wear or aging; and encumbrances, which are claims or restrictions against the property. Therefore, tangible and intangible benefits that raise value are considered amenities.