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Value is maximized when a property is in harmony with its surroundings and conforms to the majority of those around it.

The value of the property to a particular investor, based on his/her individual investment requirements and expectations.

The change in the value of a property as a whole, resulting from adding or subtracting a component, is equal to the added or subtracted value.

Property values can be affected by the company they keep, with less expensive properties benefiting from more expensive ones (progression), and vice versa (regression).

Property value is influenced by the relative scarcity or abundance of properties and the demand for them.

The increment in the value of land realized by combining adjacent parcels into one larger parcel.

Maximum value is created when a property is in a state of equilibrium or balance among property types, tenancy, and use.

Future benefits of property ownership impact the present value; the value is measured by the present worth of future benefits.

The process of combining two or more properties into one large parcel, often increasing the total value beyond the sum of individual properties' values.

Property values are constantly changing due to varying factors such as social, economic, government, and environmental conditions.

An increase in competition among property providers will lead to a decrease in profits for each individual competitor.

The potential use of a property that would produce the highest value, whether or not that is the property's current use.

The value the property holds for the owner, which may not reflect market value but represents the utility derived from the owner's use.

The value of a property tends to be determined by the cost of acquiring an equally desirable substitute property within a reasonable time frame.