The economic principle pertains to change in a property that affects its value as a whole and is contributory value.
The term contributory value refers to the amount by which a single component of an asset influences its total value as a whole.
Contributory value is commonly used in the real estate industry to show how a single property feature affects the property's entire value.
The term contributory value is commonly used in the context of real estate, where it specifically references property values.
The concept of contributory value comes from the field of value theory. In broad, basic terms, this is the school of thought that examines how people value or appreciate things.
Contributory values may also depend on buyer preferences and the state of the economy.
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